NASHVILLE, Tenn. (RFD NEWS) — Diesel prices fell for a second straight week, giving farmers and freight users a little short-term relief. That matters because fuel costs affect fieldwork, trucking, grain hauling, and nearly every part of the supply chain.
According to the U.S. Energy Information Administration, the national average diesel price was $5.403 per gallon for the week ending April 20. That was down 20.5 cents from the previous week, the largest weekly drop since December 2022.
Even with the recent break, diesel remains far above year-ago levels. The national average was still 186.9 cents per gallon higher than the same week last year. Over the last two weeks, diesel has fallen 24 cents after rising for 12 consecutive weeks.
The broader outlook still points higher. EIA projects Brent crude oil will average $115 per barrel in the second quarter of 2026, then ease later. For the full year, Brent is projected to average $96 per barrel, sharply above 2025 levels.
EIA also projects diesel will average $4.80 per gallon in 2026. Officials said higher crude prices, tight global diesel supplies, and low U.S. inventories are keeping pressure on fuel markets.
Farm-Level Takeaway: Diesel has eased for now, but the larger 2026 energy outlook still points to elevated fuel costs.
Tony St. James, RFD News Markets Specialist
Geopolitical risk is rapidly increasing fertilizer price volatility before planting.
March 03, 2026 11:20 AM
·
Falling commodity prices and rising costs continue to squeeze farm margins. Kip Jacobs with The Mosaic Company addresses fertilizer market pressures, nutrient use efficiency, and strategies growers can consider to protect their fertilizer investment this season.
March 03, 2026 05:00 AM
·
Weather Swings Shape Early Season Farm Conditions Nationwide
March 02, 2026 02:54 PM
·
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.
March 02, 2026 02:25 PM
·
Dry conditions may tighten hay supplies before summer growth. John Mays of Central Life Sciences joined us to discuss the risks of extended grain storage, how quality can be affected over time, and what growers can do to protect their grain while waiting for market opportunities.
March 02, 2026 02:21 PM
·
High fertilizer costs and global risks threaten spring margins for growers.
March 02, 2026 12:22 PM
·
