Connecticut Diesel Tops $6 a Gallon, Driving Up Food and Goods Costs
Updated
Updated · Eyewitness News 3 · Sep 16
Connecticut Diesel Tops $6 a Gallon, Driving Up Food and Goods Costs
3 articles · Updated · Eyewitness News 3 · Sep 16
Summary
$6-plus diesel in Connecticut is pushing up prices for food and other goods, with pump costs running about $2.50 higher than a year ago.
More than 70% of food and goods move by diesel truck, and Quinnipiac finance professor Osman Kilic said those higher transport costs are being passed through supply chains because sellers cannot absorb them.
Kilic also tied the diesel surge to the war in Iran, saying agricultural commodities such as soybeans and wheat have climbed sharply since the conflict began.
Wolcott Sanitation Services owner George Porter said fuel is "killing us"; he recently raised rates but is still avoiding a separate fuel surcharge for customers.
For households, Kilic said the broad effect reaches beyond drivers, advising families to cut non-essential spending until diesel prices ease.