Oil markets continue to rest after highs just days ago. The ceasefire is still in effect between Israel and Iran, helping keep a lid on fuel prices.
A gallon of diesel right now is around $3.70. AAA shows the same gallon cost $3.54 just a month ago. Despite the relatively quick climb, diesel is still cheaper than this time last year, when it was $3.79 a gallon. Right now, West Texas Intermediate Crude Oil is holding around $65 per barrel.
There were concerns earlier this week that Iran would close the Strait of Hormuz, a key route for global oil shipments. Those fears eased after a ceasefire agreement, but ethanol groups say the U.S. still needs a backup plan. The Renewable Fuels Association is urging the White House to expand storage and distribution of E15. CEO Geoff Cooper says a broader ethanol market could help contain future price spikes.
Corn export pace remains the bright spot, but stable ethanol export demand remains a critical support for corn markets.
February 25, 2026 07:00 AM
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RFD Farm Legal & Tax expert Roger McEowen shares guidance on the 45Z Clean Fuel Production Credit, its impact on renewable energy and agriculture, and what producers should know moving forward.
February 23, 2026 02:36 PM
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Brooks York of AgriSompo discusses projected prices and how farmers are adapting their crop insurance strategies as the price discovery period comes to a close.
February 23, 2026 12:32 PM
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Stronger fuel demand supports corn usage despite a steady production pace.
February 21, 2026 07:00 PM
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Biofuel and corn producers await proposal as Renewable Fuels Association pushes for expanded ethanol access.
February 18, 2026 12:53 PM
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Fuel costs ease over the long term, but fertilizer energy remains volatile.
February 18, 2026 11:47 AM
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