But higher oil prices affect not only the gasoline bills of retail consumers. The higher price of oil is also pushing up diesel fuel prices as the harvesting and planting seasons for various crops are already in full swing. Farmers in the United States and around the world see their diesel fuel expenses jumping and eating into their profits that have been already constrained by depressed prices of some crops. Ultra-low sulfur diesel is used for farming equipment and for transportation of crops, and the May price of that diesel is the highest it’s been since 2014, just before the collapse of crude oil prices. “You just kind of all of a sudden realize, ‘Wow, it’s pretty high,’” farmer Glenn Brunkow from Wamego, Kansas, tells Reuters . For next year, Brunkow is considering locking in diesel prices for the first time ever to save on future rises in diesel […]