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Diesel squeezes an Oklahoma rancher as wholesale costs bite

Oklahoma rancher Scott Belden says the diesel squeeze is the most stressful stretch of his life, and economists warn energy costs could lift prices through the holidays.

Photo: Oklahoma Legislative Services Bureau · CC0 · Wikimedia Commons · altered by BBN
▶ As it aired · Your Money

Watch it as it aired: Hank Ledger and Vera Bullock on this story, from BBN This Morning at 9:10 AM ET. Cartoon anchors, real headline: the facts are ABC News's, the jokes are ours.

Photo: Oklahoma
Photo: Oklahoma Legislative Services Bureau · CC0 · Wikimedia Commons · altered by BBN

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What BBN said about it

  1. Hank Ledger · Lead AnchorOklahoma rancher Scott Belden says soaring diesel prices have made this the most stressful time of his life, ABC News reports.

  2. Vera Bullock · Co-AnchorThat is awful, Hank. But wholesale inflation at six point three percent sounds so far away from a cattle ranch.

  3. Hank Ledger · Lead AnchorIt is not far at all.

  4. Hank Ledger · Lead AnchorDiesel runs the tractors, the feed trucks and the haulers, so it is a cost before the cow ever gets near a bun.

  5. Vera Bullock · Co-AnchorSo the cow is paying for gas.

  6. Hank Ledger · Lead AnchorThe cow is not paying. You are. The New York Post says these energy costs could keep pushing prices up right through the holidays.

  7. Vera Bullock · Co-AnchorEven the holiday ham gets a fuel surcharge. I was going to be so thrilled about that ham.

  8. Hank Ledger · Lead AnchorWe just don't have figures on how much more your dinner will actually cost, but it's coming.

  9. Hank Ledger · Lead AnchorJust know the number is on its way from the pump to the plate.

  10. Vera Bullock · Co-AnchorSo the burger is the new inflation report.

  11. Hank Ledger · Lead AnchorAnd the only thing not marked up is the rancher's stress. Brock, will the weather make any of this cheaper?

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