There is now growing anxiety that Europe might run out of diesel.

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  • Diesel fuel is in short supply as demand rebounds following the pandemic, while supply remains tight.
  • Prices have surged to record levels, adding to inflationary concerns across the economy.
  • The problem is especially acute on the East Coast, where prices have become “unhinged,” according to one analyst.
  • Higher prices are “certainly going to translate into more expensive goods,” said GasBuddy’s Patrick De Haan.

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