The Price of Diesel, the 'Workhorse' of Fuels, Nears a Record High

When Randy Madden saw the way diesel prices were rising, he decided to delay purchasing the fuel that powers his 3,000-acre farm in Iowa.

Except prices are at around the same level as when he made that decision in May.

Now, going into harvest season, he expects to spend more than $40,000 on fuel — roughly double what he typically pays from late summer through the end of the year.