Record Diesel Prices Hit Farmers Hard
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Record-breaking diesel fuel prices, averaging over seven dollars per gallon, are causing significant strain on global supply chains and hitting farmers particularly hard. The closure of the Strait of Hormuz has led to delayed oil shipments, and even if the strait reopens, prices are expected to remain high for weeks. Farmers in California are struggling to pass on increased transportation costs, leading to thinner margins amid already low crop prices. High taxes and shrinking refining options are further exacerbating the situation, leaving many producers facing tough choices to stay afloat during peak harvest season.
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