00:00It's Benzinga bringing Wall Street to Main Street
00:02Diesel prices hit an all-time high of about $6.31 per gallon Wednesday, raising concerns
00:07across the U.S. transportation sector as fuel costs surged more than 70 percent from a
00:12year ago, according to CNBC.
00:14J.B. Hunt expects earnings to fall between 5 percent and 10 percent from the second to
00:18third quarter because of higher costs.
00:20Its shares dropped more than 13 percent Wednesday.
00:23Gas Buddy's Patrick DeHaan said the national diesel average could top $6.50 within two
00:29days, while prices could reach $7 in parts of the Midwest.
00:32California diesel prices have already surpassed $8 per gallon, according to AAA.
00:37Transportation executives warned higher fuel costs could weigh on the economy and eventually
00:42contribute to higher consumer prices.
00:44For all things money, visit Benzinga.com.
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