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Cost of Moving Grain: Fuel Price Reaches All-Time Record High of $5.509

May 08, 2022 at 11:56 AM CST

In the Midwest—locus of the key grain-producing States—the diesel price rose to $5.329 per gallon, 34.2 cents per gallon and 224.4 cents above the same time last year. Diesel provides the main fuel for trucks, railroad engines, barges, and oceangoing vessels. A surge in diesel prices directly impacts transportation costs.