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.

Related Stories
Higher input costs are making flexible marketing plans and updated break-even targets more important.
Data center growth can bring opportunities, but competition for land, water, and power will matter more in rural areas.
Rail rulings, export terminal access, and equipment rules are becoming bigger factors in grain shipping costs and reliability.
Higher ocean freight rates can add export cost pressure even when grain demand remains active.
March pork gains lifted total meat production, but first-quarter output still ran below last year.
Weekly export movement stayed solid, with corn and sorghum continuing to show the strongest overall pace.

LATEST STORIES BY THIS AUTHOR:

California almond acreage tightens while pistachios shift into an off-year, shaping a mixed outlook for prices and supply in the tree nut market.
Lewis Williamson with HTS Commodities joins us to break down the latest USDA crop progress report, share insights from growers, and discuss how global factors are shaping planting decisions this season.
House lawmakers push toward a Farm Bill vote as debate grows over E15, Prop 12, and input costs, with farmers seeking certainty and policy updates.
Special Episode | Friday, May 8 at 7:30 PM ET
To celebrate the release of A Beautiful Life, Dailey & Vincent are giving one fan the chance to win an unforgettable Nashville experience!
Dr. Peter Beetham with Cibus joins us to discuss the Supreme Court review of a case about glyphosate use, its potential impact on Bayer and Roundup, farmers who use the products, and the ag industry as a whole.