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“As counterintuitive as it sounds, a lot of this growth is in part due to consumers’ economic concerns around inflation and the rising cost of living.”

“Rising diesel prices can translate into higher costs for consumers by raising the wholesale cost of getting goods to retailers and grocery stores.”

“Mortgage interest rates are heavily influenced by the yield on 10-year Treasury bonds, which has been rising as oil prices soar and drive up the cost of goods across the economy.”

“Beyond the supermarket, however, grocery prices will also reflect the rising cost of diesel across the entire food supply chain, starting with farmers.”