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.
Jeramy Stephens with National Land Realty joined us to share guidance on preventing land fraud, identifying scams, and protecting farm and rural property owners.
Low snowpack and rapid melt are heightening irrigation concerns across the West as farmers face falling reservoir levels and strained water supplies.
Brooke Rollins meets with Pennsylvania farmers as pressure mounts on the Senate to advance the Farm Bill and additional aid for producers.
Despite tighter supplies, U.S. wheat exports continue trending higher as international buyers seek consistent quality and reliable service.
Higher placements lifted feedlot inventories, but slower marketings point to continued tightness in finished cattle movement.
Early wheat harvest is moving, but rain, drought stress, and disease pressure will determine yield and quality.
