$5 Diesel Could Mean a 35% Jump in Prices for US Consumers
Bloomberg Television·2026-03-17 17:37
It means higher costs and lower margins and possibly less demand. I mean, that's really what it means. I'm sure you've seen diesel prices hit five bucks.We haven't seen that since September of 2020 to back in 2022. Fuel accounted for about 28% of a truckers cost. It typically hovers around 20 to 25%.So, you know, hopefully the prices that we're seeing now are temporary. Obviously, that all depends on what's going on in the Middle East. But it's definitely going to crimp margins and probably crimp demand jus ...