As planting season pushes on, fuel bills are getting cheaper.
Diesel has fallen nearly $0.03 per gallon over the last week. The nationwide average is around $3.51. Gasoline prices have also fallen, for the second straight week, coming down around $0.04 since last week, and holding at around $3.10 per gallon.
Analysts with GasBuddy say higher than normal volatility is likely to stick around for some time, but they note Americans are spending around $200 million less on fuel than this time last year.
Related Stories
As ag lawmakers in the Senate await the House vote on the Farm Bill, they are eager to discuss the challenges farmers face before it is their turn to take up the critical legislation.
Brooks York with AgriSompo addresses how current market conditions and risk management are impacted by volatility in the Middle East, and considerations for farmers in the spring planting season.
RFA and ACE leaders join us to discuss the latest developments in ethanol policy, market impacts, and the path forward
EPA Administrator Lee Zeldin, in consultation with the U.S. Department of Energy and under the Clean Air Act, approved the temporary measure to help stabilize fuel supplies and reduce costs for consumers.
As farmers and ranchers navigate rising input costs, lawmakers are considering a roughly $15 billion aid package to help, which would be tied to the spending bill for the war with Iran.
Policy clarity will determine the trajectory of soybean crush demand, but producers in Kansas have shown that expanding local crush capacity strengthens basis and marketing options.
