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Ag sector dealt a blow from fuel costs
A fuel analyst says gas and diesel prices are showing no signs of slowing down.
“We still could see more potentially record-breaking prices later this summer,” said GasBuddy’s Patrick De Haan.
De Haan tells Brownfield the ag sector has been feeling the impact. “With the price of diesel fuel being far above gasoline and at record levels, it has been a very challenging year for farmers,” he said. “Inflation is absolutely rampant across the board.”
Northern South Dakota cattle rancher Troy Hadrick says rising transportation costs are forcing him to reevaluate his marketing plans.
“If the market is going to be held down because of general economic conditions, are we going to have to change how we market these? I’m not quite sure what the answer is yet,” Hadrick said. “It’s certainly something we’ve got to figure out.”
De Haan says the country could experience a diesel shortage if a major hurricane were to occur.
