fuel prices

Farmers are cutting less hay this year due to persistent drought, the soaring price of fuel and a new pest. That's driving up the cost for livestock producers, who often rely on hay to feed their animals during the winter.

Monday marks seven months since the U.S.-Iran war began, which has restricted oil and gas exports from the Middle East, raising prices ahead of the Nov. 3 election.

The American Automobile Association is reporting on Fourth of July gas prices.

The Strait of Hormuz, a vital trade passageway, remains virtually closed due to the war in Iran. That's driven up the prices of key agricultural necessities, which could remain high into next year.

If farmers responded to fertilizer cost spikes by reducing application, the result could be lower yields of corn or soybeans.