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Diesel Prices Hit $5.64, Threatening Farmers' Planting Season

4/16/2026

48 6 Full Breakdown

Summary

Story summary

Diesel prices have surged to $5.64 per gallon, raising grain transportation costs amid global tensions.
Fertilizer shipments face uncertainty from the war in Iran, with U.S. President Donald Trump stating it is nearing an end.
Despite peace talks, the U.S. military maintains a blockade in the Strait of Hormuz.
Farmers face higher input costs as planting season begins.
lawmakers push for year-round E15 sales.

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Story summary

Diesel prices have surged to $5.64 per gallon, raising grain transportation costs amid global tensions.
Fertilizer shipments face uncertainty from the war in Iran, with U.S. President Donald Trump stating it is nearing an end.
Despite peace talks, the U.S. military maintains a blockade in the Strait of Hormuz.
Farmers face higher input costs as planting season begins.
lawmakers push for year-round E15 sales.