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Record U.S. diesel prices complicate bitcoin and gold outlook
The national average diesel price hit $6.29 a gallon, according to TradingView, as traders expect more rate hikes that could pressure bitcoin and gold.
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
6 Articles
6 Articles
Illustrative image Photo: PexelsMedium diesel price in the US reaches record US$6.29 per gallon and wide inflation fears
The previous highest diesel price, recorded in April, was surpassed by 0.6 cents.
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Cryptocurrency News | Cryptocurrency Prices | Market CapU.S. diesel prices hit record high as bitcoin and gold struggle
U.S. diesel prices hit record high as bitcoin and gold struggle Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock. U.S. diesel prices surged nearly 80% this year to a…
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