Diesel prices are hitting record highs, but the impact goes far beyond the pump. Patrick Bet-David explains crack spreads, diesel shortages, trucking costs, food prices, construction, inflation, the midterms, and what $8 or $10 diesel could mean for American consumers and businesses.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. He currently resides in Ft. Lauderdale, Florida.
Time Stamps:
0:00 The Record-Breaking Diesel Crisis
2:05 Decoding the Crack Spread
3:16 Why Supply Is Dangerously Tight
5:02 Projecting the Path to Eight Dollars
8:27 The Political Cost of Pump Prices
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