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Everyday Americans Are Being Forced to Face “Real Hardships” Due to Inflation, According to a New Report From the Pew Research Center’s Center for the Study of Inflation.$10 Toothpaste & $8+ Gas.

 

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New AAA data show US diesel prices reached a record $6.05 a gallon, signaling severe tightening in global refined-fuel markets.

The squeeze reflects converging pressures: damage to Russian refinery capacity and diesel export halts linked to the Russia-Ukraine war, ongoing disruption at Hormuz, expanding threats to Red Sea shipping, and renewed Chinese buying. Together, these developments threaten both fuel availability and the shipping routes needed to deliver supplies, with conditions appearing to worsen ahead of the Northern Hemisphere winter.

Patrick De Haan, head of petroleum analysis at GasBuddy, wrote on X that five gas stations in California have maxed out their diesel prices at $9.999 a gallon.

The inflation risk extends well beyond gas stations. Diesel powers the industrial economy, and soaring prices risk creating a stagflationary squeeze. Diesel powers trucking, freight rail, farm machinery and construction equipment, so its cost spreads across the economy in many forms, from higher grocery bills to squeezed business margins to even weaker consumer spending.

The latest retail diesel price spike follows a renewed surge in crude, with Brent reaching nearly $110 a barrel overnight before falling to $104 after an IEA report warned about potential demand destruction for industrial fuels.

S&P Global Energy warned Thursday that it does not forecast Middle East crude production to return to prewar levels by the end of 2027.

Citi analysts warned Friday that soaring commodity costs and diesel prices will weigh on many of the companies in their coverage universe through the first half of next year:

In 2025, commodity costs were mildly inflationary except for select inputs such as coffee, gas, and tallow which up meaningful +DD%. However, in 2026, commodity inflation has reaccelerated with acute pressure on direct and indirect energy-based products driven by the geopolitical conflict in the Middle East including oil, resins, and diesel/freight costs. Additionally, prices for commodities impacted by tariffs and the global trade dynamics have also increased in 2026 including in aluminum and steel. Many of our companies have highlighted these input cost headwinds, which are pressuring margins this year and which we suspect will remain headwinds into at least 1H’27.

The question becomes whether the fuel price shock can push inflation higher while slowing economic growth, creating a stagflationary squeeze.

Everyday Americans Are Being Forced to Face “Real Hardships” Due to Inflation, According to a New Report From the Pew Research Center’s Center for the Study of Inflation.$10 Toothpaste & $6 Gas

HNewsWire- As inflation surges to multi-decade highs, consumer goods corporations are hiking prices on ‘basic daily’ products for Americans. American giant Colgate-Palmolive just introduced a new pricey toothpaste range, according to Reuters.

CEO Noel Wallace said last week that Colgate-new Palmolive’s Optic White Pro Series toothpaste was “essential” to the company’s pricing power. A 10-dollar bottle of premium toothpaste with a capacity of three ounces will be available.

It’s worth noting that the average price of popular toothpaste brands in 2019 ranged from $4 to $6 on Statista’s website, with a 2-pack costing roughly $10-12 on camelcamelcamel.com last year…

Due to growing raw material costs, labor shortages, and freight rates, consumer products businesses raised prices last year. Consumer mood has fallen to an eleven-year low as a result of rising costs. However, politicians and consumer advocacy organizations are examining consumer goods corporations for jacking up prices to boost profits and return money to shareholders.

On “nearly every thing customers buy,” said U.S. Representative David Cicilline, who has introduced antitrust legislation aimed at lowering costs. “

Those difficulties they’re inflicting are genuine.” According to Cicilline, “people are removing items from their shopping carts because they are finding them to be too costly.

Many businesses are boosting prices, not just those in the consumer products industry. This is also being done by big box stores like Walmart and Target.

Procter & Gamble, Kraft Heinz, Kroger, and Walmart are all under investigation by the Federal Trade Commission for allegedly driving up costs.

Claims of price rises, excessive costs, and dividends to shareholders have been made by Cicilline in a statement to Reuters. In the previous year, Colgate raised its share repurchases by over 50 percent.

For Wallace, price increases are a “critical capacity” for generating profit and expanding the company.

Ahead of the midterm elections, the White House is actively scrutinizing corporations for unreasonable pricing rises. On Tuesday, Vice President Biden addressed the administration’s concerns about inflation in his State of the Union speech.

The vice president stated, “Too many families are struggling to pay their obligations.” Because of inflation, they’re losing out on what they would have otherwise gained.” It’s clear to me now. As a result, bringing down pricing is one of my primary priorities.

So, if $10 toothpaste is too much for you. Ukraine’s political turmoil is causing global commodity markets to rise beyond $120 a barrel, which means the national average price of gasoline in the United States might soon reach $4-6 per gallon.

Democrats are in a state of panic because they are unable to rein in inflation in time for the November elections. What’s next, pricing controls?

 

Putin: I Rule through tyranny, fraud and force but once the fraud is exposed, I must Rely exclusively on Brutal force.”

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Meet Moses! He’s a young man who grew up in the most challenging circumstances. Today, he has larger-than-life goals to achieve something extraordinary.

 

 

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Source: HNewsWire   HNewsWire   HNewsWire   HNewsWire   HNewsWire   ZeroHedge

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