Gasoline prices are currently elevated, with diesel prices approaching $5 per gallon, creating a short-term energy shock that could transmit to broader inflation if the Iran conflict persists.
factualpending
Speaker
Unidentified Speaker — CBO Director Warns Debt Will Surpass WWII Levels, Interest … [ASm34vcYj5g]Evidence Quote
“with gasoline prices going through the roof, with diesel now seeing a new crisis at just under $5 a gallon”
Source
CBO Director Warns Debt Will Surpass WWII Levels, Interest Rates To Spike | Phillip Swagel— David LinCreated: 8/12/2026, 6:33:54 PM
My Notes
Loading notes...