WINONA, Minn. —The Trump war on Iran has pushed global oil prices into the stratosphere. A typical fMinnesota arm erwith a 500-gallon tank is now paying $2,400 to fill up. It’s too much in the low-margin farm industry, already beset with rising family farm bankruptcies from Trump tariffs that shrank U.S. agricultural exports. The upshot: Higher grocery prices coming your way soon. For motorists a 20-gallon fill-up now is at $67, a 23% increase in two weeks.
Wars and tariffs. Fuel prices forcing costs higher for fuel, food, airline and rucking industries. Airfares soaring. FedEx delivery costs being passed on through higher consumer prices. Image: Steve Lunde