Soaring diesel prices taking a toll on Oklahoma rancher

What happened: Oklahoma rancher Scott Belden says record diesel costs are squeezing his harvest operation. He burns 90 to 100 gallons a day, and calls custom hay harvesting "absolutely unprofitable" at current fuel prices. Key numbers: Average diesel price was $6.32 a gallon on Thursday, per AAA, up more than 65% since the Iran war began in February. Why it matters: Belden says he cannot always pass costs to customers and warns that if diesel is not brought under control soon, more pain will follow. He expects Republicans to pay a political price.

Oklahoma rancher Scott Belden says record diesel costs are squeezing his harvest operation. He burns 90 to 100 gallons a day, and calls custom hay harvesting "absolutely unprofitable" at current fuel prices.

Belden says he cannot always pass costs to customers and warns that if diesel is not brought under control soon, more pain will follow. He expects Republicans to pay a political price.