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Diesel up 57 percent in six months, Andrew Lokenauth notes

Diesel up 57 percent in six months, Andrew Lokenauth notes
Diesel prices hit record high

Andrew Lokenauth highlights the rapid increase in diesel prices, noting that diesel stood at $3.76 the day before the war began and has now reached $5.90, a record high. San Francisco is paying $8.23 per gallon.

According to Lokenauth, fuel comprises 15% to 30% of the cost of food, and diesel prices have risen 57% over six months. He adds that the last time diesel reached a record high in June 2022, inflation hit 9.1%.

Lokenauth has previously discussed financial concepts to increase public understanding. In an earlier article, he used a dating scenario to explain why the Federal Reserve buys Treasury bills. His commentary often focuses on making complex economic topics accessible to a wide audience.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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