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  • If you think gas prices are bad, diesel is in its worst crisis since the 1970s and has even raised fears of localized rationing

    9 days ago - By Business Insider

    Vehicles line up for gasoline at service station during gas shortages, May 3, 1979 in Long Beach, California. Bob Riha Jr / Getty Images
    While Americans are reeling from sticker shock at the gas pump, the diesel market is in its worst crisis since the 1970s, analysts say.
    Prices for diesel, which powers much of the country's industry, have surged 76.5% in the last year.
    "The markets are telling us there's a shortage. This is a tailwind for inflation. We're demanding more diesel than anyone can supply."
    While Americans are reeling from sticker shock at the gas pump, the diesel market is in...
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