Stuart Varney: This inflation indicator is flashing a ‘danger signal’

FOX Business host Stuart Varney argues diesel is ‘a baseline cost for any enterprise.’

STUART VARNEY: One of the most important inflation indicators is the cost of a tankful of diesel. 

It’s an indicator that’s flashing a danger signal.

The national average is now at a record high: $5.32 a gallon. Up roughly 40% from a year ago.

That’s serious inflation. And it points to even worse inflation this summer.

Diesel is used by farmers, truckers, construction workers. It’s a baseline cost for any enterprise. It’s a cost that is passed along. You may not buy diesel yourself, but you’ll pay for it.

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