Diesel prices are more than twice the level paid before 2020. American Farm Bureau Federation Economist Shelby Myers says supply and demand are playing catch-up after world disruptions. “What makes this situation more difficult this year is that the U.S. doesn’t have the same amount of additional supplies coming in to meet demand.” Fuel prices have moderated in the past couple weeks, but Myers still expects costs to remain high. “This is the peak demand time for all fuels. If it continues to be difficult to produce the crude oil supplies needed to meet demand, we’re going to see fuel prices continue to increase.”
