The Diesel Price Surge: A Canary in the Coal Mine for Global Supply Chains As diesel prices approach $6 per gallon, a record breaking milestone, the transportation industry is bracing for impact.
This surge has far reaching implications for global supply chains, consumers, and even grocery store shelves. The national average price of diesel has risen by 61% in the past year, reaching $5.
98 per gallon as of Thursday, according to AAA data. Businesses have so far absorbed these costs, but economists warn that this will change if prices remain elevated for an extended period.