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.
AFBF Economist Faith Parum provides analysis and perspective on the Farmer Bridge Assistance Program—what commodity growers should know and potential remedies for producers facing crop losses where that aid falls short.
January 08, 2026 02:45 PM
·
In a post to social media, Trump said Venezuela will buy American agriculture products and will use the money from oil sales to make it happen.
January 08, 2026 11:51 AM
·
Federal nutrition policy is signaling a stronger demand for whole foods produced by U.S. farmers and ranchers. Consumer-facing guidance favors animal protein, but institutional demand may change little under existing saturated fat limits.
January 08, 2026 11:42 AM
·
University of Nebraska President Dr. Jeffrey Gold joined us to share insights on building healthy habits and improving rural health in the year ahead.
January 07, 2026 02:16 PM
·
Dr. Rosslyn Biggs with the Oklahoma State University Center for Rural Veterinary Medicine shares insight into biosecurity, preparedness, and animal health concerns facing livestock producers as New World screwworm outbreaks continue in Mexico.
January 07, 2026 12:57 PM
·
Tennessee Rep. John Rose joined us to pay tribute to his friend and colleague, Rep. Doug LaMalfa, a true Champion of Rural America.
January 07, 2026 12:20 PM
·
