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.
USDA says both crops remain ahead of the five-year average as farmers continue monitoring dry Corn Belt conditions.
Texas Farm Bureau takes us behind the scenes at USDA’s sterile fly facility, considered a first line of defense against New World Screwworm, a fight Texas Ag Commissioner Sid Miller fears is “futile.”
RealAg Radio’s Shaun Haney joins us to discuss Canadian farmer sentiment, saying many are also struggling with profitability and long-term outlook in agriculture.
Several fires have merged into Kansas’ largest active wildfire as crews continue battling shifting winds and dry conditions.
The Texas Agriculture Commissioner says crews are still working to contain fires while farmers and ranchers begin assessing damage.
Volunteer firefighters describe devastating scenes as crews continue battling multiple fires across the region.
