A possible drop in fuel prices is coming soon

Fuel prices have been holding relatively steady, but more relief could be on the way.

Energy analysts with GasBuddy say more production is coming online next month.

“Raising production by over 400,000 barrels a day, OPEC has been making a lot of surprising announcements as of late, but certainly has some challenges. Kazakhstan has been noticeably talking about potentially increasing oil production, and so OPEC is likely having to act here now to stem some of that frustration among Kazakhstan,” said Patrick DeHaan.

DeHaan is not able to estimate how far prices could drop, but he says all types should see a decrease, including gasoline, jet fuel, and diesel. Right now, AAA shows a gallon of diesel running around $3.52 per gallon, compared to $3.90 per gallon a year ago.

Related Stories
Kurt Kovarik of Clean Fuels Alliance America joined us to break down the latest developments in the Renewable Fuel Standard rulemaking process and what it could mean for agriculture, energy markets, and rural economies.
From projected drops in input costs to biofuel expansion and the USDA’s new “One Farmer, One File” initiative, Ag Secretary Brooke Rollins shared key policy priorities at Commodity Classic that put farm issues back in the spotlight.
Food demand is stable but price-sensitive across rural markets. For agriculture and rural communities, the important signal is not optimism — it is stability.
Stable blending demand continues to underpin corn use despite export volatility.
Delays on year-round E15 keep potential corn demand and fuel savings in limbo.

LATEST STORIES BY THIS AUTHOR:

California Bountiful on RFD-TV provides a fast-paced look at subjects important to us all: the food, wine, flowers, meats and fiber products grown in the state.
America’s Heartland brings positive, heartfelt stories about American agriculture to viewers in both urban and rural areas.