Diesel Drought: The Price of Fueling America's Food System The current state of diesel prices in the US is a stark reminder that the world's most critical commodity chains are vulnerable to disruptions.
With American farmers struggling to power their equipment, the consequences of this price spike will be felt far beyond the farm gate. Diesel prices have reached record highs in the US, averaging $6.
05 per gallon according to AAA. This 60% increase since the Iran war began has devastated farmers who are already facing higher costs for fertilizer, seeds, and equipment.