Shafaqna English– American farmers are grappling with record diesel prices during the peak harvest season, with some spending up to $1,500 daily to fuel a single combine — double last year’s expense.
This surge, fueled by the US-Israeli war on Iran and Ukrainian strikes on Russian refineries, is squeezing already tight margins and is likely to drive up grocery prices before the November midterms, where living costs are a top voter concern.
Economists note that because most food is transported by diesel-powered trucks, rising diesel costs will ripple through the entire food supply chain.
Source: Reuters
Dwindling oil reserves & risk of costlier crude