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
Mike Steenhoek with the Soy Transportation Coalition discusses supply chain disruptions, rising costs, and the potential impact on agriculture as farmers navigate ongoing global uncertainty.
Strong exports support ethanol margins and corn demand.
American Soybean Association President Scott Metzger discusses his recent testimony before the Senate Ag Committee, key priorities for soy growers, and his outlook for farmers into spring planting.
House ag leaders had hoped to get the Farm Bill voted on by Easter, but no dates have been secured just yet.
Kansas State University agricultural economist Dr. Gregg Ibendahl discusses rising diesel prices, the influence of global oil markets, and the potential impact on farmers heading into the spring planting season.
Suderman joins Tony St. James in the RFD Studios to discuss how geopolitical tensions are triggering global transport disruptions, new inflation pressures, and other challenges for agriculture to navigate.
