With diesel prices remaining elevated, inflation is becoming that much harder to bring under control, placing more financial burden on American consumers. Vehicles like trucks, tractors, trains, barges, and construction equipment—which are part of the commercial traffic—are mostly run on diesel. As such, the fuel is intricately linked to consumer inflation as their prices factor…
Diesel Prices Keep Climbing, Making Inflation Harder to Root Out
November 10, 2022
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South Korea Panics as China Tightens Automotive Urea Supply
South Korea is heavily dependent on China for imports of automotive urea, a product derived from coal. In mid-October, China reduced its urea exports due to a coal shortage. South Korea is now in a deep crisis as the country’s nearly 4 million diesel vehicles cannot operate without urea. Urea is the main component of…
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