US Farmers Face Record Diesel Prices During Harvest
Record US diesel prices are squeezing farmers during the height of harvest season as fuel costs surge. The spike threatens to raise grocery prices for consumers as higher transport costs ripple through the supply chain.
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United States diesel prices hit a record $6.29 per gallon in mid-September, up 68% from a year ago and squeezing farm margins during peak harvest. The surge threatens to drive up grocery bills across the country ahead of the November midterm elections. Global fuel supplies have tightened following conflicts involving Israel, Iran, Ukraine, and Russia.
