A week ago we were looking for $5.80 Diesel, now $6.00 is in sight.
On September 3, 2026 AAA commented Labor Day on Track to Set Record at the Pump.
Labor Day weekend travelers are facing the highest gas prices ever for this time of year. The national average is $4.14, up 4 cents from last week. Continued volatility in the Strait of Hormuz has pushed crude oil prices in the $90 per barrel range. After a record-setting August, this Labor Day weekend is on track to also set a record at the pump. The national average has never been above $4 per gallon on Labor Day. The current Labor Day record is $3.82, set on September 3, 2012. Even though gasoline demand decreases this time of year, typically bringing down gas prices, this year is different due to the high cost of crude oil.
For those who like breaking records, I am pleased to report a new Labor Day record. Heck, it’s a new record for the entire month.
Given the price of oil is up again today, it’s odds on we set new records tomorrow.
A Word to Farmers and Truckers
You should be very pleased that Trump loves you. Otherwise, where would you be?
And deportations are humming, too. So good luck if you need harvest help.
Ranchers, Trump loves you too. That’s why he importing Argentinian beef.
Wait. What?
Yes, Trump says beef imports will allow you to rebuild your herds. Trust Trump he is always right. So, this must be correct too.
Potatoes in Play
How Are You Farmers Doing With Health Care?
A Rancher Chimes In
Will he vote for Trump anyway?
Looking Ahead
The midterm results in Iowa, Ohio, and Nebraska will be interesting.
For discussion, please see Gallup Party Affiliation Favors Democrats by Largest Margin Since 2015
Let’s review what this means historically.
Not only the higher cost of Diesel, also the DEF, trucks don’t like it, they plug up and STOP! Farm tractors normally run at nearly full RPM in order to keep hydraulic loaders, other such equipment that needs more full power, Power take off equipment requires mostly full power. Trucks don’t run at full power unless they are pulling a grade or being run hard to get a load to an Elevator for example.
Thankfully we have ONE newer truck requiring DEF. I would rather have kept the older one. Comfort and Bells and Screens are nice, it’s more important that the work gets done!
the link is to a good analysis of the current global petroleum situation:
The Oil Market’s Next Supply Shock: Josh Young on Hormuz, Shale Decline, Venezuela and the Coming Investment Cycle – Triangle Investor
Rep. Bacon is retiring and is not seeking reelection in 2026. It’s another example of suddenly growing a pair of testicles when one’s political life is not on the line. Side note to Mr. Bacon: Trump started issuing tariff executive orders in February 2025. You co-sponsored the Stop Global Tariffs Act in April 2026. It is now September 2026 and “still in the legislative process.” I hope your testes serve you well in your retirement. Keep ’em hangin’.
There has been some sketchy AG accounting done here.
“You reap what you sow”. modern interpretation. MAGA fat fuck farmers get what they want. good and hard. i still LOL that donald pederast from queens nyc is a cult leader of fat farmers and their fat wives.
USDA predicts record farm debt, no profit in 2026 and exploding costs:
https://www.michiganfarmnews.com/about/news-media/usda-farm-income-forecast-expenses-21b-record-farm-debt-predicted?utm_source=Informz&utm_medium=Email&utm_campaign=Farm%20News
@ yippee
Not sure you’ll see my last remarks two threads ago. FWIW, you make good points. Indeed, over the past months, i often upvoted prior comments where you expressed the same opinion, except this time you asked for someone to “prove you wrong”. 😉
got it. i appreciate the intellectual honesty.
i replied to your answer to my challenge. here is my reply. “human primates are not that complicated. however you miss my point. democracies do work. when folks get the opportunity to vote, they vote themselves. amerikan empire in 21st century is a world wide warmongering entity. the folks here love it and keep voting more and more world wide warmongering. 9.11.01 really opened up the animal spirits on this front.”
Record-High 89% in U.S. Say Government Corruption Widespread.
https://news.gallup.com/poll/713933/record-high-say-government-corruption-widespread.aspx
Not hard today corruption is widespread. When you have numerous examples everyday of things like the Stop Nick Shirley Act the people can see how in your face is the corruption at the state level and when they see activist judges blocking attempts at the federal level blocking attempt at cutting waste and fraud then they know that corruption is deep rooted.
Run some numbers and you will find Farmers love Trump. Diesel is a small part of the game for farmers.
We don’t live in a vacuum, so diesel prices (expenses) also have an effect of the price for crops (revenue).
I used actual numbers from a 1900-acre farm in Iowa farming half corn and half soybeans. Their estimated fuel costs rose from $70K to $134K for the 2026 crop. The increase is only a 3.3% increase in their cost to raise and harvest this year’s crop.
The price of corn has gone from $3.85 to $4.91, a 28% increase. The price of soybeans has gone from $9.83 to $13.14, 33% increase. Using the Iowa State average of 216 bushels for corn and 62 for soybeans for 2026, the increase in revenue is $410K from higher prices at a cost of $64K in fuel. $346K more income
https://www.youtube.com/watch?v=HyzxTh8–uE Cole the cornstar
They may grumble but they are smiling all the way to the bank. Farmer would love cheaper diesel, but they love higher grain prices more. Go look at the stock of Deere(DE).
Except their biggest customers aren’t currently buying thanks to trade wars. Go ask soy farmers where all that soy is going (nowhere). This has been a crisis for months now too. Here’s a real story showing where things were as of earlier this year.
https://www.usatoday.com/story/money/2026/02/25/soybean-farmers-tariffs-trade-war/88865799007/
Laughing all the way to the bank eh?
These are spot cash prices. What are you talking about? This is the price to sell today. Not some customer half way around the globe. Live in the present.
Nicely cherry picked load of crap.
Fuel is continuing to rise into the harvest as is fertilizer and transporting and drying the crop. All inputs are higher and the cost of servicing mounting debt is up 20% to add more pain. Labor is often unavailable and 35% more expensive.
Only in MAGA’s Disneyland can you ignore all but one cost.
If labour is 35% more expensive it means American farm hands are no longer having their wages suppressed by peons working for peanuts
Basically if an area loses farm labor to deportation, the outcome is there simply is no labor available. In many cases ripe crops have rotted in the fields.
1/ spot prices do not reflect a price to clear the entire harvest. Just like INTC at 100 doesn’t mean every last share can be sold at that price, it can’t.
2/ most farmers with any significant amount of crops hedge with futures or other forward contracts so it is not at all certain they are getting anything close to the spot price.
Trump employs magical thinking. If only he would disappear
Yes, in his world bs is reality. He’s really a new ager creating his own reality. Thank Norman Peale.
This what America wanted. I just don’t understand it…While fuel prices run to record highs, the WH guy imports beef (remember this makes America great)(remember you don’t know whether that beef has been inspected), groceries continue to increase yet they cheer the guy who is causing so much hartship.
The war that Trump started and won 45 times continues.
Trump supporters remind me of bobble heads. The disconnection from reality is so complete that they can be pumping record highly priced gas or diesel into their tanks and simultaneously compliment each other on the great things that are happening because of Trump.
Fortunately, there are fewer and fewer of them wearing those red hats in public. Unfortunately, it is likely that there will be a wave of suicides in the farming community. Trumps noose of high input costs and low crop prices are driving a silent wave of financial stress through the communities that placed their trust and financial futures in his hands.
Trump has trapped farmers within their belief system. He announces grain purchases repeatedly “great deals” that never materialize because there never was a deal. China can get all the inexpensive grain it wants from Brazil or Argentina.
It is difficult to admit when you have been fooled and when being fooled is causing your to go bankrupt and loose a farm that has been in your family for five generations? Farmers can’t talk to each other about being lied to because they would have to publicly admit that Trump is a fraud.
The wave of suicides lurks in silence.
https://fox2now.com/news/missouri/hot-dry-summer-taking-toll-on-missouri-farms/
Stickin’ it to the Libs is well worth it to the farmers and ranchers.
as if some lib hipster waltzing around brooklyn or SF gives one minute thought about fat farmers and their cult ways.
why is it so hard for people to admit they were fooled by a great grifter and con man. i know in my life of trading stocks and doing many angel investing and venture deals and even real estate i’ve been fooled by many cunning and slick guys and gals who fleeced me. it’s called being had. no shame.
Maybe it’s harder admitting they were fooled by Trump because he’s so blatant, like the worst used car sales guy imaginable. No one likes to admit “The used Pinto salesman took my money!”
WEAK MEN
the also idolized him like a cult leader. unlike just getting swindled, i never thought of another man in my life as a cult figure. wearing the cult leader swag…………i guess they are truly dumbfucks. as the great ed seykota says, everyone gets out of trading and life, what they want. including losers. losers WIN, by losing. those maga idiots from south brooklyn to iowa are winning. by losing.
Or better said….” I am loosing so much that I am getting tired of loosing”
For most humans most of the time, the fastest and surest way to wind up dead or seriously disadvantaged has been at the hands of fellow humans. At the same time, “our group”, whether by faith, family, tribe, regiment, whatever, are the people humans can trust to have their backs.
Therefore, whatever else happens, whatever they have to do, believe absurdities, blindly follow barking insane leaders, parrot obvious lies to theirdetriment, do or suffer terrible things, but please whatever you do, please don’t kick us out of the group!
What this also means is that when a human is presented with incontrovertible proof that the group narrative is wrong or that the group leaders are mad or charlatans or worse, rather than change leaders or change beliefs or change groups, most people, most of the time will instead double down. Witness the behavior of cultists.
The process is called “cognitive dissonance” and it is abundantly documented. As alluded to earlier, there are entire religions organized around the principle.
Cognitive dissonance is not limited to stupid people. In fact, the intelligent are at least as prone, perhaps because they are better at rationalizing. In fact, much so-called “knowledge work” is basically learning symbol manipulation in order to rationalize a predetermined outcome.
MAGA is, first and foremost, a cult.
Whatever the cult leader is for, the cult is for, whatever makes the cult leader look good, they support.
Until the cult leader is against it. Then they are against it. Or it makes the cult leader look bad. Then they never supported it.
The Epstein Files Flipflop is most instructive. You could see the dynamic play out in real time, and the cult never missed a beat.
AGWeb Harvest Squeeze: Record-High Diesel Prices Negate $6 Corn
https://www.agweb.com/news/harvest-squeeze-record-high-diesel-prices-negate-6-corn
“he is better than that black muslim chick”
cock.
Is he though really. I would take the black muslim chick every time if she will tax billionaires and keep people from going bankrupt if they have baby or break a collar bone. Trump is really terrible he is the worst kind of bully and the rest of the world sees what he is.
And the extra 1/2 TRILLION $ in supplmental ADDITONAL Defense Dept [aptly name the War Dept] spending is “small potatoes” too.
1/2 TRILLION $ / 343 Mil population = $1,457 COST out the window for every man woman and child in the Country
ALL costs are out of Control as Orange Daddy Warbucks has no personal sense of “value” as he never has to pay for shit.
Glass Steagall Act 1933 – was eliminated 1999 by Clinton, Pelosi, Reid and others
the elimination of this Act is the reason why so many negative economic issues exist and continue to fester
Look it up for yourself
Um, there”s this goofy thing called a “topic.”
But to indulge this utter tangent, you might name-check “others,” such as the role of Phil Gramm (R-TX) in that episode. And his wife Wendy Gramm. Check out her stance (and role) on Enron, and derivatives non-regulation.
Glass Steagall was a landmark Democratic piece of legislation that changed the financial world for many decades. Part of FDR’s New Deal. Look it up some time. Don’t many think of FDR and such things as the great disaster? Not, I guess, when one fancies one can pull some wool over the eyes of what one might assume are people even more poorly informed (and less orderly in thinking) than one. But by all means, always lead with Pelosi! Yes, she was around. And Hillary did dumb things too. But let’s try a balanced portrayal?
And all-bold doesn’t make a post more true.
This current fiasco is entirely down to trump….he owns it like the wars he’s started. He shits then expects taxpayers to clean up the mess.
and regan and nixon were gods clinton was a republican
The problem for too many Americans is that housing and healthcare are becoming more and more unaffordable. If you are young and in good health, rent, food, and transportation are a higher priority than health insurance. Yes, you may get cancer and run up huge hospital bills, but if you can’t pay them, you don’t worry about it. To quote Bob Dylan “When you ain’t got nothing, you got nothing to lose.”
That is, of course, also a problem for the political class and the rich. Warren Buffet, Bill Gates, and other billionaires who have thought it through know that one day the mob and its pitchforks could come for them. That’s why they all love to talk about supporting healthcare foundations, philanthropy, and paying taxes. They are trying to buy goodwill before the next economic collapse comes.
I live in Texas and found long ago what you mention is the Texas model in avoiding Income Taxes:
“The problem for too many Americans is that housing and healthcare are becoming more and more unaffordable. If you are young and in good health, rent, food, and transportation are a higher priority than health insurance.”
If you’re young ad on the up-and-up NP, Texas is cheaper for you and how they avoid Income Taxes. (For now until Property Values stop offsetting State Spending growth. This won’t last forever!)
God forbid you are not as Texas IS DEAD LAST in supporting the others. DEAD LAST IN:
Nursing home careMental Healthand many similar categories.Yes, Texas has “Managed Care”. Managed to have NO CARE so just go die and don’t be a cost on those TEMPORARILY on the up-and-up (until aging, etc.)
The best thing about property taxes in Texas is that when the price of housing goes up, your property automatically increase as well, regardless of if you got a pay increase.
No need for politicians to vote to raise taxes, they can continue to be anti-tax.
Remind me to avoid Texas.
Philanthropy gives a tax write-off. And it is voluntary, thus revocable year to year. It is no substitute for the reach and scale and dependability of a program/system to set up and pay for things, that is mandatory, funded, and has the other characteristics of sound’ public programs.
Any form of good widespread insurance (which includes any health care program at scale) should be pre-funded over many years, not hastily tossed together without sound planning after some disaster happens. That was the idea of Obamacare: get people who will draw on it later, to pay into it now. This can contribute to sound planning instead of deficit spending into disasters.
This a 1929 fractal look-alike, where diesel blows off to 30 Oct-3 Nov 2026, and global equities crash in a true,true and unrelated but temporally coincidentally-linked fractal dance … as the AI/Data-Center grossly-over-invested near-future-revenue-poor supper bubble … implodes
Inshallah
AGWeb Harvest Squeeze: Record-High Diesel Prices Negate $6 Corn
https://www.agweb.com/news/harvest-squeeze-record-high-diesel-prices-negate-6-corn
AND it is very dry here in the Midwest Record 100 degrees broken from 1951 Was driving in the country yesterday and the corn is literally all dried up
https://fox2now.com/news/missouri/hot-dry-summer-taking-toll-on-missouri-farms/
Taco has been totally consistent with wrecking the economy especially for the consumer. Billionaires and family continue to benefit.
Glass Steagall Act 1933 – was eliminated 1999 by Clinton, Pelosi, Reid and others
the elimination of this Act is the reason why so many negative economic issues exist and continue to fester
and Donny BigMac seems to have more than one agenda
Pro Tip: copying and pasting the same point makes it mean less, not more – same as all bold, all italics, and all caps
So TrUe.
Partisan Dynamics
GOP sponsored repeal, get the facts straight
Bipartisan. Uniparty.
Even if we try to excuse the D’s in 1999, within the 2008 crash the D’s swept to power and had a mandate to fix the financial system. They didn’t fix the thing that had just broke. Instead, they passed unpopular legislation. And they gave a trillion or two to banks instead of the jobless people the banks were kicking out of their homes.
100%
I generally like Obama but this was a total betrayal imo.
Capitalism in its most brutal form works.
All the JPM like banks who had completely fucked up their core business of assessing risk should have been left to fail.
Nature and economics abhor a vacuum.
The vacuum will have been filled by competent players pronto
Obama inherited a complete disaster and had no good alternatives. prison for the bankers and wall street would have been a better alternative to giving them bonuses but at the time trying to save the world wide economy seemed more important. the next Democrat president will inherit a far worse situation.
He had a choice. Bail out the serfs, who would then pay off their loans, or bail out the oligarchs directly while bankrupting the serfs.
They bailed out the big banks to the tune of trillions.
Maybe that was necessary to save the financial system.
When LTCM nearly blew up the entire financial system in the late 90’s that should have been a loud and clear signal that the financial system needed radical reform.
Whatever.
But a corollary of the State bailing out the huge banks with TAXPAYER money, is that all the banks that relied on this largesse should have been nationalized.