You're right that fuel prices have risen. But usually the impact of fuel prices is mostly felt on bulkier, lower cost items first.

After all, a truck can carry a 10kg sack of rice, or a 10kg nvidia gpu. If shipping costs for 10kg rise by $15 the sack of rice has doubled in price, but the GPU is only 0.5% more expensive.

This is driven by AI datacenter demand, not fuel prices. RAM prices have actually dropped significantly in the last couple days as the Iran war hit and the possibility that interest rates might go up and pop the AI bubble sunk in. (Though let’s see where they go after the last couple days of whipsawing.)