Diesel Prices Hit Record Highs as JPMorgan Doubles Down — SkimNews
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- JPMorgan doubled down on diesel as record fuel prices test inflation, per TheStreet.
- Global diesel prices hit record highs with further rises possible, according to Reuters, while Utah truckers warned rising diesel costs may put them out of business (KSL) and a GOP representative said Americans feel "fatigue" over climbing diesel prices (The Hill).
Why it matters: JPMorgan is betting diesel demand holds up despite record prices, diverging sharply from Utah truckers who warn fuel costs may run them out of business — the gap between Wall Street's bullish positioning and Main Street operators' distress is the story, with inflation now drawing a political "fatigue" reaction.
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