Fuel bills could get more expensive this week. Prices are up overall, with several factors at play.
Diesel prices are up around $0.10 this week compared to last and are holding around $3.49 per gallon nationwide. Gasoline is also up, with average prices around $2.99 per gallon, which is unchanged from last week.
Analysts with GasBuddy say that as summer carries on refining issues are starting to ease. However, they note uncertainty around the upcoming hurricane season could shake prices in the coming weeks.
Frequent Market Day Report analyst Dave Chatterton with Strategic Farm Marketing joined RFD-TV’s Tammi Arender to discuss what he has noticed in the diesel market in the last days, what it means for farmers as they fuel up, and what trends he has seen over the last year.
American Coalition for Ethanol’s Ron Lamberty shares the significance of California’s approval, opening up the country’s largest gasoline market to a cleaner-burning, often lower-cost fuel option.
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