Farmer says he's spending hundreds more on fuel amid Iran war
Quick Insights
The Bottom Line
US gas prices exceeded $4 per gallon for the first time since August 2022, driven partly by the Iran war.
How This Affects You
Average Americans will pay significantly more at the pump; diesel prices have also jumped substantially since the start of the Iran war.
AI Summary
U.S. gas prices have surged above $4 per gallon for the first time since August 2022, with diesel fuel also spiking significantly following the start of the war in Iran. The price spike is hitting American farmers particularly hard, with at least one farmer reporting he's spending hundreds more on fuel as a direct result. Both gasoline and diesel are essential inputs for agricultural operations—fueling tractors, trucks, and farm equipment—making fuel costs a major variable in production expenses and profit margins. The jump underscores how geopolitical conflicts in the Middle East can quickly ripple through to the domestic economy, affecting sectors like agriculture that depend heavily on fuel. Higher input costs could ultimately pressure food prices and farm profitability if the elevated fuel prices persist.
Source Coverage Map
22 of 43 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
FinanceWar with Iran disrupts fertilizer exports as U.S. farmers prepare for planting season
Gulf states are major fertilizer producers, and the war with Iran has triggered a 25% price hike just as struggling U.S. farmers are planting corn.
Global‘Makes Covid look like a tea party’: Australian food prices could rise for the next year, farmers warn
<p>Iran conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins – used to make milk bottles</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Farmers say Australian consumers could pay more for everyday staples for the next year at least as a result of the US-Israel war on Iran.</p><p>But the CEO of dairy farmer cooperative Norco, Michael Hampson, says a six to 12 month disruption to food supply is likely a best-case scenario, depending on the <a href="https://www.theguardian.com/world/2026/mar/24/middle-east-violence-trump-claims-very-good-talks-iran">strait of Hormuz reopening</a> soon and global petrochemical supply chains beginning to stabilise.</p> <a href="https://www.theguardian.com/australia-news/2026/mar...
FinanceHigh gas prices impact food delivery drivers, farmers
The national average price for gas has climbed more than 30 cents over the past month amid the Iran war. A man near Dallas earning extra money for his family through DoorDash told CBS News the rising prices are cutting into his family's wellbeing. The costs are also impacting farmers and consumers. Jason Allen explains.
EnvironmentEPA approves sale of higher-ethanol fuel in bid to lower gas prices
<p>Higher blend has been prohibited in warm weather because of concerns it could worsen smog</p><p>The US Environmental Protection Agency said Wednesday that it would temporarily allow widespread sales of a higher ethanol gas blend in a move that they hope will tamp down consumer prices that have soared since the Iran war began.</p><p>The higher blend has been prohibited in warm weather because of concerns it could worsen smog.</p> <a href="https://www.theguardian.com/us-news/2026/mar/26/epa-higher-ethanol-fuel-gas-prices">Continue reading...</a>
PoliticsTrump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk Sharpies - AP News
<a href="https://news.google.com/rss/articles/CBMimgFBVV95cUxPZVVvM1JXTG9Lb0lCWnRyeWNVTnRHSEN6YlRrOW9ULVVRN1FieUpsT08yWmc3Y040OFZaS19GdkNCTHBrZUxlODRNTS1ULURxLTJYWk1PeDgyeXUxNUlQX1pCbURJaHo5SWhJMzk5b0Z1dk4tVzhRNXpLRkpiU3FPTXBlRlFPVGxRbEtlakVsRk5FYkpiSl9PWDdB?oc=5" target="_blank">Trump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk Sharpies</a> <font color="#6f6f6f">AP News</font>
FinanceGas prices eclipse $4 a gallon in the US, the highest since 2022 - AP News
<a href="https://news.google.com/rss/articles/CBMikgFBVV95cUxOZ2VaM2FwRTV4X0Zaci0xZjlqSUZfajhfUmVDUUtDbEJWdl9ITTRiZ1lDYlgza2hkc2tEX3pfNkVJNTJkQWdhX1VkZnoyZ2MxUzFVekRQNEE1RTh1NUw5akhmYjM4dlNYWTB4aHVhUk9WSGNYTDd4Ym9RWWVYX2UtT3FETjZwdC0yTFVVUEcyZks0QQ?oc=5" target="_blank">Gas prices eclipse $4 a gallon in the US, the highest since 2022</a> <font color="#6f6f6f">AP News</font>
Private equity's next step into 401(k)s
<p>The Trump administration yesterday took a giant step toward allowing alternative assets in 401(k) plans, with the Department of Labor proposing rules that now will be open for two months of public comment.</p><p><strong>The big picture:</strong> Pay more attention to the <a href="https://www.federalregister.gov/documents/2026/03/31/2026-06178/fiduciary-duties-in-selecting-designated-investment-alternatives" target="_blank">actual rule</a> than to the <a href="https://www.dol.gov/newsroom/releases/ebsa/ebsa20260330" target="_blank">press release</a>.</p><hr><ul><li>The former focuses primarily on process, including the use of benchmarks. The terms "prudent" or "prudently" are mentioned 105 times. It makes no claim that adding private equity or crypto to a 401(k) will improve performance.</li><li>The latter does a lot more cheerleading for "President Trump's promise for a new golden age," although it does cite "prudent process" near the end.</li></ul><p><strong>What they're saying:...
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
'The gravest crime against humanity': What does the UN vote on slavery mean?
Senate deal reached to cap insulin costs
At Pentagon Christian service, Hegseth prays for violence 'against those who deserve no mercy'
After 16 years and $8 billion, the military's new GPS software still doesn't work
US paves way for private assets to be included in 401(k) retirement plans - Reuters
