
Diesel prices have nearly doubled in a year, and chemistry helps explain why
Rising diesel costs are straining farmers, truckers and the broader US economy, with refining chemistry playing a key role in the price increase.

Rising diesel costs are straining farmers, truckers and the broader US economy, with refining chemistry playing a key role in the price increase.
A report from CNBC — Top News sets out the main available details, with claims kept attributed to their sources.

A CNBC report says record-high diesel prices are already straining trucking and rail industries, with the outlet cautioning that sustained high energy costs could ripple across the wider U.S. economy.

Trucking and logistics company said it expects third-quarter earnings to decline between 5% and 10%.

Trucking and logistics firm J.B. Hunt Transport Services said it expects earnings to drop between 5% and 10% in the third quarter, sending its stock sharply lower.

Investment firm raises rating on transport stock to market outperform from market perform, according to CNBC.