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.
Ag Secretary Brooke Rollins surveys Nebraska wildfire damage as cattle losses, tight supplies, rising imports, and beef industry investigations impact U.S. markets. Roger McEowen outlines legal and tax considerations for ranchers recovering from wildfire damage.
March 23, 2026 11:18 AM
·
Spring Weather Creates Uneven Early Season Field Conditions
March 23, 2026 10:50 AM
·
Texas Agriculture Commissioner Sid Miller launches Agricultural Defense Program to combat pests, disease, and predators threatening farmers and ranchers statewide.
March 23, 2026 10:40 AM
·
USDA Cattle-on-Feed report for March shows slightly lower inventory and higher February placements, signaling a tighter supply but steady outlook for the U.S. cattle herd.
March 20, 2026 03:30 PM
·
Nebraska Cattle Rancher Joe Van Newkirk shares his firsthand insight on devastating wildfires in the Sandhills, discusses challenges facing ranchers, long-term calf health concerns, and the recovery efforts underway.
March 20, 2026 01:53 PM
·
Nebraska Cattlemen’s Association President Craig Uden shares the latest on Nebraska wildfire conditions, discusses challenges facing producers, and outlines relief efforts underway.
March 20, 2026 01:21 PM
·
