The Energy Information Administration reported that American inventories are at their lowest point since 1951. Diesel prices have surged to $5.37 a gallon nationwide; this time last year, it was $3.73. Because diesel also fuels trucks, that means the cost of shipping goes up, which obviously then trickles down to the cost of goods.
The Supreme Court heard oral arguments on two potential landmark affirmative action cases, energy experts sound the alarm over a diesel fuel shortage, and the Trump Organization trial gets underway. Get the facts first on Morning Wire.