TREE NEWS reports: US average diesel prices climbed to a record $6.05 a gallon as of September 11, after first hitting an all-time high of $5.85 a gallon on September 4. The surge follows disruption to global fuel supply from the US-Iran conflict. Paul Mitchell, professor of agricultural and applied economics at the University of Wisconsin-Madison, said the high diesel costs are severely squeezing farmers’ margins at every stage from harvest to final transport.
US Diesel Hits Record $6.05 a Gallon as Iran Conflict Disrupts Fuel Supply
AI take
Diesel is the marginal fuel for moving physical goods, so a record print driven by geopolitical supply disruption transmits directly into food and freight costs rather than staying a transport-sector story. The squeeze falls hardest on farmers, who cannot pass through input costs quickly and face elevated expenses from harvest through final haulage. Whether the supply disruption persists, and whether diesel's premium to crude holds, is the open question for inflation watchers.
Generated by AI for reference only.
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