The energy issue has metastasized into a crisis for President Joe Biden and leaders worldwide. In the United States, a gallon of gasoline is at an all-time high of $4.60, a barrel of West Texas Intermediate (WTI) crude oil is north of $100, and natural gas prices are above $9 for the first time since 2008. So, diesel flirting with record levels is not too surprising, but it does not diminish the significant risks to the US and global economy as the commercial and industrial sectors depend on the fuel source to produce food, ship goods, and construct buildings. Everywhere the American people turn, they see a crisis.
Running on Fumes
The national average diesel price is about $5.54, according to the American Automobile Association (AAA). Several states, particularly in the northeast, are enduring prices well above $6. Diesel prices in New York are at around $6, while Massachusetts is s...
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