Techdamentals
Oct 14, 4:55 AM
$ODFL runs a large trucking network, and diesel is one of its biggest direct costs, drawn from the same distillate cut of crude behind part of this year's inflation report.
Diesel, jet fuel and fuel oil all come from that one slice of a barrel. A refining shortage across three major regions tightened supply of it, and fuel oil, the home heating version, rose 52% from a year earlier in August.
Energy swings like that are why core inflation, which ran at 2.4% in August, leaves fuel out of its calculation.
Full explainer, plain English: https://youtu.be/le-mFDuzQd8
Educational, not advice.
https://techdamentals.com/newsletter/why-cpi-and-core-inflation-tell-different-stories?ref=st
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