Rising fuel costs stress farm budgets
Like all Americans, farmers and ranchers are facing higher prices at the gas pump, as well as on the farm.
Growers also have expressed concerns about the availability and delivery of diesel fuel when they need it most.
Gasoline prices hit a new high, rising above $5.006 in June, according to the U.S. Energy Information Administration. This is up $1.937 per gallon, 63% higher than the same week in June 2021.
Diesel prices rose to $5.718 per gallon in June, up $2.432 per gallon, or 74%, compared to $3.286 per gallon in June 2021. Looking back to the end of February 2022, when Russia invaded Ukraine, the price of diesel jumped by $1.15 per gallon ...
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