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.
Related Stories
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.
Debt pressures could reshape farm policy and credit.
Rising protein demand supports long-term trade in feed and meat.
Herd contraction remains gradual across North America.
Strong land values continue masking tighter farm finances.
Tight supplies continue supporting strong cull values.
