Record Diesel Prices Squeeze Midwest Farmers and School Districts Amid Supply Crises
US diesel prices have surged to record highs, reaching $6.53 per gallon, causing severe financial strain for Midwest farmers, truckers, and public schools. The spike is driven by the Iran conflict, Russian refinery damage, and regional supply disruptions, including a shutdown at an ExxonMobil facility in Illinois. While the Trump administration considers banning diesel exports to lower domestic costs, analysts warn this could raise gasoline prices and fail to solve long-term shortages. Farmers face an additional $12,500 in fuel costs per 1,000 acres, while school districts cut routes and jobs to manage budgets.