Diesel Prices Hit Record High, Fueling Food Price Worries

US diesel prices have reached an all-time high of $6.29 per gallon, up 68% from $3.74 a year ago, according to Energy Information Administration data.

Farmers in the US are struggling with these record-high fuel costs during harvest season, which is further squeezing already thin margins.

Addie Yoder, a corn and soybean farmer in northeast Missouri, said she tries to curb other expenses to make ends meet. 'You can't just say, well, diesel is expensive, I'm not going to harvest,' Drew Peterson, a soybean and corn farmer in southeast South Dakota, added.

Higher diesel prices have been caused by the US-Israeli war on Iran and Ukrainian attacks on Russian refineries, which have squeezed global fuel supplies.