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Bob Elliott: Diesel prices reach all-time highs, surpassing 2022 surge

Bob Elliott: Diesel prices reach all-time highs, surpassing 2022 surge
Diesel prices hit all-time highs

Bob Elliott, co-founder / CIO at Unlimited, points out that rising headline inflation most directly affects core inflation through diesel prices.

He observes that traded diesel prices have now reached all-time highs, exceeding the surge seen in 2022.

Elliott has previously highlighted how elevated housing prices are sustaining U.S. consumer spending despite weak fundamentals. In a separate update, he observed that Chinese economic growth remains sluggish as debt concerns persist. His recent remarks on diesel prices add to his ongoing tracking of influential global economic indicators.

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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