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.
Led by Sen. Rand Paul, lawmakers aim to prevent a November federal hemp ban, advocating for state control as farmers face planting uncertainties.
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California rewards low-carbon ethanol, not higher blending volumes.
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U.S. Rep. Dusty Johnson of South Dakota joined us to discuss rising input costs, fertilizer transparency efforts, and the role of trade in supporting farmer profitability.
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