Mmastodon WarWar first seen 3 d ago, last 3 d ago, peak #2
Diesel prices fail to fall alongside gasoline, fueling inflation worries
Original: Relevantly, diesel prices have not moved down in concert with gasoline prices. This is, again, not direct evidence - but
Diesel prices have not declined in step with gasoline prices, a gap that commentators point to as suggestive evidence about underlying inflation pressures. Diesel is described as the primary driver of fuels-driven core inflation, with wholesale inflation running at 6.3% last month. The discussion suggests that falling pump prices for gasoline may mask persistent cost pressures elsewhere in the economy.
Why now: Falling gasoline prices are in the news, and diesel's stubbornness hints inflation remains a live problem.
Evidence
- Relevantly, diesel prices have not moved down in concert with gasoline prices. This is, again, not direct evidence - but it is suggestive, nonetheless. Diesel is the primary driver of fuels-driven core inflation - see also the 6.3% wholesale inflation rate last month - but is… · moira@mastodon.murkworks.net · 1
API: https://socialmediatrends-api.osmike.com/v1/trends/3159008