Wednesday, October 14, 2026   |   WeatherNewsletter   •   Blog   •   Contact
One Place News
One Place News - Breaking News - Local News - News today
THE DAILY BRIEFINGNews that matters, delivered clearly.
Receive One Place News email updates. Unsubscribe anytime.
BREAKING
Home / Breaking News
Breaking News

What’s fueling inflation? Fuel.

The final CPI report before the midterms is expected to reflect soaring energy costs compounded by higher airfares, pricier iPhones and rising car prices. Inflation in America is being powered by diesel. The price of the fuel, used…
One Place News   •   October 13, 2026   •   Updated October 13, 2026
What’s fueling inflation? Fuel.

The final CPI report before the midterms is expected to reflect soaring energy costs compounded by higher airfares, pricier iPhones and rising car prices.

Inflation in America is being powered by diesel. The price of the fuel, used by farmers and truckers, is up more than 75% since the start of the Iran war in late winter. Diesel costs have become a particular concern for economists, who say higher diesel fuel costs trickle down into “just about everything.” And the final government inflation report before November’s pivotal midterm elections will most likely reflect how much of a headache it has become for businesses and consumers. The Bureau of Labor Statistics is set to release its September consumer price index report at 8:30 a.m. Wednesday. It’s expected to show the annual rate of inflation rose to 3.7% from 3.4%, according to a survey of economists from Dow Jones.

From August to September, prices are expected to have risen by 0.6%. The monthly jump, if it is confirmed, would also be one of the largest in years. Since August, oil prices have risen to more than $105 per barrel from about $80. The price of regular gas, which most consumers buy, also remains elevated by more than 45% since late February, when the Iran war was launched. As early voting kicks off this week, a higher inflation reading would come at a precarious moment for Republicans defending majorities in the House and the Senate. Polls consistently

Source & Attribution

This One Place News story was acquired from nbcnews.com. OPN retains the source link and provenance for newsroom review.

Filed Under

Breaking News   •   Economy & Finance

Share: Facebook   •   X   •   Email

Related Coverage

Bryan Cranston mourns ‘Breaking Bad’ co-star RJ Mitte: ‘My sweet son’
October 13, 2026
Diesel futures jump, signaling higher prices to come despite Trump’s Russia deal
October 13, 2026
Duane Davis sentenced to 40 years to life for 1996 murder of Tupac Shakur
October 13, 2026