World Economy

Record Diesel Prices Deepen Farm Crisis as Harvest Season Peaks

Diesel fuel costs have reached record levels, forcing American farmers to redirect budgets and strain operations during peak harvest season. The national average for diesel has climbed above $6.51 per gallon, according to AAA data, driven by the war with Iran affecting crude oil prices. A fourth-generation Virginia farmer growing soybeans, corn and wheat reported paying nearly $7 per gallon—nearly double year-ago prices. With combines and heavy equipment running continuously during harvest, fuel expenses have become unmanageable. Farmers lack financial flexibility to absorb the spike, with corn prices hovering around $5 per bushel. The situation has prompted producers to reallocate funds from other essential farm expenses to cover fuel costs.