Soaring U.S. Diesel Prices Slam Local Communities as Fuel Costs Surge
- On Friday, diesel prices in Pennsylvania reached $6.6021 per gallon, nearly matching the record of $6.6098 set earlier in the week, according to AAA.
- The U.S. Energy Information Administration reports reduced refining activity in Russia, China, and the Middle East tightening global supplies; Europe replaced Russian diesel sources, compounding the shortage.
- Independent driver Ezalden Alzokari paid $955 to fill his truck Tuesday at Marathon, over $350 more than normal; Wayne Industries owner Russo implemented a 45% fuel surcharge to offset costs.
- Farm equipment operating costs surged from $70 to $80 hourly last year to $180 to $200 this year, forcing difficult decisions on viability, according to Pennsylvania Farm Bureau President Tommy Nagle.
- Diesel is the 'heartbeat fuel for American economic activity,' according to Pennsylvania Motor Truck Association President and CEO Rebecca Oyler, though experts like Stanley Lim suggest electrification could eventually mitigate price volatility.
30 Articles
30 Articles
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Farmers face ‘a lot of uncertainty’ as record diesel prices squeeze operations - Regional Media News
(The Center Square) - It's around harvest time for wheat and corn and other crops in Pennsylvania, but as farmers head out in combines to do the work they're experiencing a nasty price shock. The cost of diesel fuel hit a record high of nearly [...]
Record diesel prices squeeze U.S. farmers, could raise grocery costs
Record-high diesel prices and other rising expenses are putting a growing financial squeeze on American farmers, with the effects potentially making their way to consumers at the grocery store. Farmers are facing significantly higher costs to operate tractors, combines and other heavy equipment at a time when many are already struggling to turn a profit, [...]
Farmers face 'a lot of uncertainty' as record diesel prices squeeze operations
(The Center Square) - It's around harvest time for wheat and corn and other crops in Pennsylvania, but as farmers head out in combines to do the work they're experiencing a nasty price shock.
Farmers face ‘a lot of uncertainty’ as record diesel prices squeeze operations
It's around harvest time for wheat and corn and other crops in Pennsylvania, but as farmers head out in combines to do the work they're ... The post Farmers face ‘a lot of uncertainty’ as record diesel prices squeeze operations first appeared on [your]NEWS.
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