Diesel at $6.52 a gallon in the US versus $3.74 a year ago is the cost-push signal to watch. Global refining capacity is tight, Russia’s diesel output is down nearly 30% after repeated refinery attack
Diesel price surge adds pressure on Europe.
Context
Diesel prices are rising due to refinery disruptions, supply shortages and geopolitical tensions, according to DW. A potential US export ban could worsen Europe's diesel crunch.
What changed
Diesel price surge adds pressure on Europe.
Why it matters
Diesel price surge adds pressure on Europe. — impact context not separately stored; see What changed.