Fuel bills have been lower recently, but oil saw some upward moves since the Fed cut interest rates last week. Officials with GasBuddy say several factors are at play, but they do not expect prices to continue their climb.
“So a lot of different wild cards. I don’t think oil prices are going to retest the sub-$70 barrel mark. We can head somewhere into the mid $70s for now, but that shouldn’t impact gasoline prices much simply because gasoline demand last week was rather sluggish, with GasBuddy data showing that U.S. gasoline demand last week fell by over two percent,” said Patrick DeHaan with Gasbuddy.com.
Right now, AAA has diesel at $3.58 per gallon, which is nearly $1 less compared to last year at this time. The nationwide average for gasoline is holding around $3.22 per gallon.
A proposed battery storage facility in Wheatland, Wisconsin, is raising questions about farmland, local control, and the state approval process.
During Rural Road Safety Awareness Week, Nationwide Agribusiness urges drivers to slow down, avoid distractions, and watch for farm equipment as a new survey highlights the risks of rural roads.
ASA President Scott Metzger says soybean growers remain focused on trade, the Farm Bill, renewable fuels, and market stability as Congress weighs additional assistance for farmers and export opportunities.
Renewable Fuels Association CEO Geoff Cooper discusses record public support for year-round E15, congressional legislation, the Renewable Fuel Standard, 45Z guidance, and ethanol trade with Brazil.
CoBank economist Billy Roberts explains how higher grocery prices are changing consumer buying habits, driving demand for private-label products, discount retailers, and value-focused shopping.
Marshall Streeter discusses deworming, implants and grazing season management during Moly Manufacturing’s Beef and Greet.
