Anybody Buying Yet? Where’s the Bottom?

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I'm not sure if I'm more surprised gas has "felt" higher in the past, or just how rampant inflation has been the last few years to make $5 gas not seem so bad. That 2008 spike is crazy.

A decent read about the rough side facing one of our main export commodities, none the less our own farm to table pricing likely increase - farming and the price of diesel:

Excerpt:

But, while oil volumes continue to be drawn down from strategic reserves worldwide—the U.S. Strategic Petroleum Reserve is down to 44-year lows—no such reserves exist for fuel, especially diesel, which fuels the global economy for trucking fleets and more. The timing is particularly bad for the agricultural sector, which relies heavily on diesel, with its harvest season typically beginning in September.
“It’s going to be trickling down the [inflationary] supply chain in the weeks ahead,” De Haan said.
The highest gasoline and diesel prices are cumulatively costing Americans over $700 million more per day versus last year. De Haan said he would not be surprised if it rises to a $1 billion daily impact. Gasoline prices are painful, he said, “but diesel is really going to be the troublesome child.”

$9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens | Fortune

Diesel prices soar to new record highs with no signs of slowing down anytime soon.

fortune.com