Diesel Tops $200/Barrel, Raising Inflation Concerns Across Freight, Trade, and Agriculture

Diesel is trading at over $200 per barrel. According to the source, diesel underpins roughly 80% of U.S. freight by weight and roughly 80% of global trade moved by sea, along with most farming and mining activity.
The source argues this points to broader cost pressures ahead as elevated diesel prices work their way through the economy.