Fuel prices are sliding again as planting season continues

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
Farm Bureau Economist Dr. Faith Parum warns farmers to brace for more losses as the war in Iran sends shockwaves through the ag economy and raises input costs even further.
Fewer DEF-related shutdowns could mean more uptime during planting and harvest seasons.
Consumer spending continues, but value-focused buying is on the rise.
Higher energy activity likely keeps fuel and fertilizer costs elevated.
Acre shifts reflect margins, costs, and market opportunities.
Dry conditions remain a concern as Texas farmers prepare for another planting season.

LATEST STORIES BY THIS AUTHOR:

Ag Secretary Brooke Rollins made the announcement yesterday at the grand opening of a new food safety lab in Missouri, where researchers will do Listeria testing.
$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.
Following an on-target CPI, the combination could suggest that inflation is cooling.