US farmers are facing a bigger fuel bill as diesel prices hit record highs just as the corn and soybean harvest gets underway, pushing up the cost of running combines, tractors and trucks.

US diesel prices hit a record $5.94 per gallon, reflecting rising energy costs. New all-time high for crude oil by December 31 at 11.5% YES.

US diesel futures hit $5.03 per gallon, the highest since April 2022, as geopolitical conflicts and record-low inventories squeeze global supply.