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.
Specialty crop growers should confirm eligible acreage and application access early to avoid missing available assistance.
Corn farmers and ethanol groups are urging Senate action on E-15 legislation while grain basis values strengthen in eastern states.
Negotiators are focusing on tariffs, market access, and economic security as broader trade discussions continue.
The American Sheep Industry Association says high labor costs and volatile markets continue creating pressure for producers.
RealAg Radio’s Shaun Haney discusses Canada’s record farm cash receipts, profitability trends in livestock and crops, and the impact of rising input costs in 2026.
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