Global·NewlyNews

Diesel prices squeeze US farmers ‘barely getting by’ amid tariffs and drought

· Guardian

US war with Iran drives diesel fuel prices up during spring planting season, ‘hitting us at the wrong time’, farmers say It has been a tough few years for American farmers. Squeezed last year by tariffs , they lost an estimated $34.6bn when former trade partners stopped buying. Now, the war with Iran has not only depleted crucial fertilizer stores but has also driven diesel fuel up to record prices . Like the trucking industry, agriculture relies heavily on diesel to run machinery, as diesel-powered engines are more fuel efficient than gasoline-powered ones. Continue reading...