Gas prices may be hurting your wallet, but it’s short-lived

Fuel bills have been more expensive lately, but this might be short-lived.

GasBuddy shows that gasoline gained around $0.11 last week, marking the third straight week of increases for gas. Diesel is up nearly $0.04 to $3.59 per gallon.

Energy analysts say the weekly gains are not likely to stay, and they cite concerns around the economy and recent production increases. Oil prices are currently near levels they saw during the pandemic.

LATEST STORIES BY THIS AUTHOR:

American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Bottom line: Despite all the efforts advocates make, workers are still making less money.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.