2026-10-04 08:08 UTC
Replies (2)
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@sudoshakes@reddthat.com 2026-10-04 23:00
That doesn’t help the fact everything you need to buy which is transported goes up in price with gas prices to get it to you.
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@Bamboodpanda@lemmy.world 2026-10-05 08:14
Yes. That’s why gasoline is considered relatively elastic. The real crisis is diesel. A farmer can’t just not plow the field. A truck driver can’t just not deliver the goods. A plane can’t fly halfway to its destination. European diesel is up about 40% since June, and U.S. diesel futures jumped 53% in the third quarter. In some markets, diesel is trading around $200+ per barrel equivalent while crude is nowhere near that. That’s why this matters so much. Diesel touches agriculture, trucking, shipping, construction, and manufacturing. When diesel gets this expensive, everything, and I mean fucking everything, gets more expensive.