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On-highway diesel fuel prices
Fuel prices continue to climb due to the war with Iran.
This chart shows the average cost of a gallon of diesel fuel in the U-S.
The Energy Information Administration says diesel fuel is currently averaging $5.64 per gallon which is up by nearly two dollars per gallon since the start of the war when prices were only $3.89.
Regular gas prices currently sit at $4.50 per gallon.
The restrictions on ship traffic through the Strait of Hormuz have driven oil prices up and gas prices are climbing in response.. Those higher prices are rippling through the supply chain to raise rail, barge and shipping expenses for agriculturalproducts.
As gas prices rise, Washington’s attention on biofuels has intensified, putting year-round E15 legislation firmly in the spotlight and making it a key factor in farm bill negotiations.
To learn more about "Map it Out" and "Ag By the Numbers," check out our Newsmakers show.
