Farmers could be facing elevated diesel prices well into 2027, adding another challenge for producers already struggling with tight margins. Gregg Ibendahl (EYE-ben-dahl), a farm management specialist with Kansas State University Extension, says soaring crude oil prices, limited refining capacity, and disruptions to global fuel supplies are keeping diesel prices high. He says international conflicts could keep prices in the six-to-seven-dollar-per-gallon range through next year or longer. Ibendahl says resolving global tensions and restoring normal international fuel shipments would be the most effective way to address pump prices. The Kansas Reflector said even under a best-case scenario, it could take months for markets to adjust. “Even in a best-case scenario, where the war in Ukraine winds down quickly, and shipments through the Gulf normalize, it could easily take six months for the market to adjust,” Ibendahl said. He said returning to earlier price levels could take up to two years.
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