03/18/2026
Fuel prices affect every part of America’s Global Economy. Consumers, as we all are, ultimately pay the price.
Although the average American likely isn’t driving a vehicle that runs on diesel, the heavier gasoline is crucial to fueling the global supply chain.
“Diesel is what moves the real economy. It hauls the food, the packages, the building supplies, and the inventory sitting on store shelves,” said Paul Dietrich, chief investment strategist at Wedbush Securities.
“If the Iran war keeps diesel prices elevated, this becomes a direct hit on consumer prices. Groceries get more expensive, delivery costs rise, and household budgets are tightened,” he said.
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