Soaring diesel prices taking a toll on Oklahoma rancher
Summary
Oklahoma rancher Scott Belden is facing rising diesel fuel costs, paying about $1,400 more each week due to high prices. The increase is connected to global events, including the war in Iran, making it hard for him to run his cattle and hay business.Key Facts
- Diesel prices have risen over 65% since the war in Iran began in February.
- The average diesel price recently reached $6.32 per gallon.
- Belden uses 90 to 100 gallons of diesel daily during harvest.
- Higher fuel costs add about $1,000 to $1,400 more expense weekly for his ranch.
- Belden says he must continue buying diesel despite the high prices to keep operating.
- The cost increase affects all parts of the economy because diesel powers delivery trucks and equipment.
- Belden voted for President Donald Trump but feels fuel decisions have hurt ranchers like him.
- President Trump has made a deal to import diesel fuel from Russia to ease shortages and believes prices will fall when the war ends.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
