How the diesel price spike is rippling through nearly every part of the economy
A rapid surge in the price of diesel fuel is straining businesses and threatening to raise costs across the economy. It's also putting pressure on President Trump to bring relief at the pump, including through a diesel export ban that's been pushed by some Republican lawmakers ahead of November's midterm elections. William Brangham reports.
A surge in diesel fuel prices is causing strain across various sectors of the economy and putting pressure on President Trump to find relief. High diesel costs are forcing businesses to raise prices, with some estimating direct costs have doubled. Farmers, construction equipment rental companies, food rescue organizations, and trucking associations are among those feeling the impact. The spike in prices is attributed to disruptions in global markets, particularly due to the war in Iran and Russia's ban on diesel exports.
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