An oil price rally is bad. A diesel crisis is worse

March 16, 2022

As the fuel of transportation, the price rally will hit everyone, adding to inflationary pressures that are already running at a multi-decade high. Global oil demand hasn't yet reached its pre-pandemic level, but diesel consumption has hit a record high in 2021. And in the United States, average retail prices have surged above $5 per gallon for the first time ever. In the United Kingdom, it's selling above 1.70 pounds per liter, equal to more than $8.5 per gallon. Learn more here.

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Blas, Javier | β€œAn Oil Price Rally Is Bad. A Diesel Crisis Is Worse.” Moneycontrol

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