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The David Lin Report · Friday, September 4, 2026

Diesel and Fertilizer Prices Rise as Iran Conflict Impacts Truckers and Farmers

Professor Hanke highlighted that diesel prices have risen by 50% since the war with Iran began, impacting truckers and farmers. He also noted that fertilizer prices have significantly increased, contributing to potential Republican losses in the midterm elections in states like Iowa.

personProfessor Hanky

The tape

2 quotes
Yeah, yeah, diesel prices have gone up about 50% since the war started. And and by the way, hitting, hitting truckers. You you ask a trucker whether they like this or not. Or you ask a farmer. Farms run on diesel.
Professor Hanky
And and it's because of diesel and fertilizer. Fertilizer is shot up too. Fertilizer prices have gone up big time since the start of the war.
Professor Hanky
Heard on The David Lin Report — “Rates To Jump 50 Basis Points: ‘Red Zone’ Next Warns Economist Steve Hanke, published Friday, September 4, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.06