US diesel price hits new high on Iran war, squeezing voters
The AAA motorists' association said the cost is now US$5.85 a gallon, up from US$3.71 a year ago.
Washington: The cost of diesel fuel in the United States reached a record high on Friday, as tensions between the US and Iran continue to disrupt global energy supplies. The price of diesel jumped to US$5.85 per gallon, up from US$3.71 a year ago, according to the AAA motorists' association. This surge in diesel prices, which are crucial for road hauling, agriculture, and construction, has put additional financial strain on voters as they head into the US midterm elections in November.
Farmers, such as North Carolina-based Derrick Austin, are particularly affected, estimating that higher diesel costs could cost up to US$15,000 in their fall harvest of soybeans and corn. Despite the discouraging economic situation, farmers remain uncertain if economic issues alone will push voters away from President Donald Trump's Republican Party.
The ongoing strain on the economy, coupled with soaring fertiliser and gasoline prices, has made life challenging for US farmers as they enter the spring planting season.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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