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Kansas ag economist says it could take two years to get diesel prices back to normal levels
TOPEKA — Diesel costs are likely to remain elevated through next year to the detriment of farmers struggling to turn a profit and consumers grappling with food inflation, a Kansas State University agricultural economist says. Gregg Ibendahl, farm management specialist with KSU’s Extension Service, said the diesel market was influenced by soaring crude prices, limited refining capacity and supply system interruptions. Consequences of international conflict may sustain those conditions and hold prices at $6 to $7 per gallon into 2027 or beyond, he said. Shipping in the Gulf region and ...