Fuel

Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.

Diesel prices hit $5.58 a gallon on Friday, smashing another record. With NOAA predicting an above-normal hurricane season, it could introduce more trouble for already short diesel supplies.

Even with the partial ban by the European Union, one industry expert says it’s possible diesel prices will see a slight reprieve in the coming weeks; however, it won’t come in the form of dollars.

U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.

CEO of ClearFlame says its modified diesel engines in trucks and farm machinery offer the same power and performance of traditional diesel engines but with lower fuel costs and fewer emissions. Look for them this summer.

Farmers worldwide are feeling the pinch as fuel costs rise to near four-year highs just as they plant and harvest their fields, eroding agricultural income already hamstrung by depressed crop prices.