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Axios
Axios

What $5 diesel fuel means for the U.S. economy

AAA Inflation
Data: AAA; Chart: Axios Visuals

The price of diesel fuel has surged above $5 a gallon in the U.S., the highest in four years, creating new inflationary pressure on anything Americans buy that relies on truck transport — which is to say, pretty much everything.

Driving the news: The average retail price of a gallon of diesel was $5.04 Tuesday, AAA says, up from $3.65 a month ago.

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