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Stockreport

Rising diesel prices threaten to push up costs across Texas [CBS News]

Walmart Inc. (WMT)  More Company Research Source: CBS News
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The rising cost of diesel is climbing even faster than gasoline — and that increase is poised to drive up prices across the economy. Before fighting broke out in Iran, diesel averaged $3.24 a gallon in Texas. By Tuesday, prices were hovering around $4.80. Trucks rely on diesel, and nearly all consumer goods move by truck. Higher fuel costs ripple outward So when diesel prices rise, the cost of transporting goods rises with it. "When fuel costs go up, that automatically gets passed through to whoever is paying for the shipment," said Bruce Bullock from the Maguire Energy Institute at SMU. "Since trucks are used to ship a lot of goods in the U.S., that's going to feed through. The shipping costs go up, and that's going to put upward pressure on a lot of goods," said David Quigley, an economics professor at UT Arlington. Impact depends on length of conflict How much more consumers end up paying will depend largely on how long the conflict lasts. The first price increases are [Read more]
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Stockreport

Rising diesel prices threaten to push up costs across Texas [CBS News]

Walmart Inc.  (WMT) 
More Company Research Source: CBS News
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The rising cost of diesel is climbing even faster than gasoline — and that increase is poised to drive up prices across the economy. Before fighting broke out in Iran, diesel averaged $3.24 a gallon in Texas. By Tuesday, prices were hovering around $4.80. Trucks rely on diesel, and nearly all consumer goods move by truck. Higher fuel costs ripple outward So when diesel prices rise, the cost of transporting goods rises with it. "When fuel costs go up, that automatically gets passed through to whoever is paying for the shipment," said Bruce Bullock from the Maguire Energy Institute at SMU. "Since trucks are used to ship a lot of goods in the U.S., that's going to feed through. The shipping costs go up, and that's going to put upward pressure on a lot of goods," said David Quigley, an economics professor at UT Arlington. Impact depends on length of conflict How much more consumers end up paying will depend largely on how long the conflict lasts. The first price increases are [Read more]
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WMT
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