Wolf Blitzer

That's right.

Wolf oil prices.

The price of oil per barrel is now well over one hundred and sixteen dollars.

You can see that on your screen right there.

That is a 100 percent increase.

From just a month ago, if you look at this line chart that hopefully we can put on screen, you can just see how the price of oil has taken off in the last month.

You can see it right there on the right-hand side.

That is trickling down directly to consumers, first via gas prices.

As you mentioned, another two-cent increase already.

Overnight, 4.12 is the national average.

That's well over a dollar up from just a month ago.

But also, diesel prices have increased at a faster rate than gas prices.

Diesel is 5.65 a gallon.

That is just about...

20 cents shy of the record that was set in 2022.

So because of those higher diesel prices, now companies, shipping companies, are having to make a decision about adding fuel surcharges.

Amazon adding a fuel surcharge temporarily of 3.5% to any third-party sellers that are using their shipping service.

You also have the U.S.

Postal Service for the first time adding an 8% surcharge

temporary fuel surcharge for packages.