Demand Destruction
In its monthly report, the EIA says that if diesel prices climb too much higher, the economy will start to see demand destruction, which is where no one can afford to buy a product. So, they just stop buying. When that happens with diesel, it impacts everything Americans consume.
In its monthly report, the EIA says that if diesel prices climb too much higher, the economy will start to see demand destruction, which is where no one can afford to buy a product. So, they just stop buying. When that happens with diesel, it impacts everything Americans consume.
Diesel Costs, Shortage A Scary ‘Perfect Storm’ For Wyoming, US Trucking Industry
The Energy Information Administration reports that if diesel prices get much higher, it could trigger serious economic consequences for the country. Wyoming trucking companies continue to haul, but its getting expensive.cowboystatedaily.com