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FOX Business host Stuart Varney argues diesel is 'a baseline price for any kind of venture.'
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STUART VARNEY: Among the most vital inflation indicators is the price of a tankful of diesel..
It's an indicator that's flashing a danger signal.
The nationwide standard is now at a record high: $5.32 a gallon. Up roughly 40% from a year earlier.
That's major inflation. As well as it indicates also worse rising cost of living this summertime.
Diesel is used by farmers, truckers, construction workers. It's a standard price for any enterprise. It's an expense that is passed along. You may deny diesel on your own, but you'll spend for it.
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Stuart Varney: This inflation indicator is flashing a ‘danger signal’
FOX Business host Stuart Varney argues diesel is 'a baseline cost for any enterprise.'
...
STUART VARNEY: One of the most important inflation indicators is the cost of a tankful of diesel.
It's an indicator that’s flashing a danger signal.
The national average is now at a record high: $5.32 a gallon. Up roughly 40% from a year ago.
That’s serious inflation. And it points to even worse inflation this summer.
Diesel is used by farmers, truckers, construction workers. It’s a baseline cost for any enterprise. It’s a cost that is passed along. You may not buy diesel yourself, but you'll pay for it.
...
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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