Fuel prices have been rocky lately, and it stems from a recent decision out of the White House, according to GasBuddy.
“The Biden administration issued harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India. Those reinforced sanctions will likely curb the flow of oil from those countries, essentially leading to a lower global oil supply,” said GasBuddy’s Patrick DeHaan.
DeHaan says tariff talks are also having an impact, specifically against places like Canada, which is our largest energy trade partner.
“The U.S. receives a significant amount of crude oil, especially from Canada, and so the Saber rattling on the front of threatening Canadian tariffs has had an impact on prices. And if President-elect Trump does follow through on those tariffs, will likely have a drastic potential impact on the economies of both the U.S. and Canada.”
Winter temperatures are also playing a role. More cold weather is expected in places like the Northeast, which could lead to more oil set aside for heating.
The National Cattlemen’s Beef Association (NCBA) and Public Lands Council (PLC) are praising the passage of a bill to delist gray wolves as an endangered species by the U.S. House last week.
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USDA Undersecretary Luke Lindberg told RFD-TV News that we can only guess what Congress will do down the road. Still, the USDA recognizes its responsibility to spend resources efficiently and effectively.
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Tight feeder supplies and lower placements indicate continued support for the cattle market, with regional impacts heightened in Texas by reduced feeder imports.
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Michelle Perez shares more about the American Farmland Trust’s resource to help farmers and producers plan soil health improvements.
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Jeff Johnston with CoBank’s Knowledge Exchange explains the growing role of Rural America in supporting the nation’s digital infrastructure.
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NRECA CEO Jim Matheson reacts to the U.S. House’s passage of the SPEED Act, which aims to streamline federal permitting for energy and infrastructure projects, and discusses its potential impact on rural communities.
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