Diesel doesn't get as much of the limelight as oil and gas, but it should because diesel fuel is the industrial lifeblood of the United States, and the price of diesel alone has a more significant impact on inflation and the prices you're paying at the grocery store than any other factor
The Biden administration has remained strangely silent
- The diesel crunch comes just weeks ahead of the midterm elections and has the potential to drive up prices for consumers who already view inflation and the economy as a top voting issue.
- National Economic Council Director Brian Deese recently commented that diesel inventories are "unacceptably low" and added that "all options are on the table."
- Aside from that remark, the White House has done little about the issue
Diesel has also been described as the nation's "inflation canary" given that it's so critically important for everything we need to survive
- Without ample supplies and record-high prices for what's left, Americans will get financially hammered over the winter and into 2023
- The scary part is that the Biden administration doesn't seem to give a rip
- Because of the diminished supply under Biden, we have surging prices, making the cost of hauling goods, farming, and everything else that requires diesel fuel higher than ever before
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