Ghana news briefing
US diesel prices hit a record high, pushing up transportation costs for a long list of goods
So higher diesel costs often result in more expensive groceries, although it can take a while for energy shocks to wind their way through the supply chain.
Prices quickly climbed as the cost of crude oil — the main ingredient in diesel, as well as gasoline — soared amid supply chain disruptions across the Middle East, notably with most tanker traffic bottlenecked in the key Strait of Hormuz.
The last time businesses and drivers saw sky-high fuel prices was in June 2022, when diesel reached nearly $5.
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