Fueling Inflation: A War on Household Budgets US prices remain stubbornly high, driven by fuel costs that are squeezing household budgets to the breaking point.
According to the Bureau of Labor Statistics, the overall inflation rate has held steady at 3. 4% year over year, but the writing is on the wall – and it's written in diesel.
The war with Iran has sent oil prices soaring, with benchmark Brent crude hovering above $100 a barrel. This, in turn, has led to record high fuel costs, with a gallon of diesel averaging over $6 per fill up.