North Texas contractor feels squeeze as diesel prices up nearly $3 a gallon from last year
Experts warn that higher transportation costs could push up the price of food and other everyday goods.
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Experts warn that higher transportation costs could push up the price of food and other everyday goods.
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
CBS News reports that a disruption of oil passing through the Strait of Hormuz has increased fuel prices. The effect may go beyond that.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
The Trump administration proposed rules that would weaken fuel economy standards for vehicles set under President Biden in 2024.
