As planters get rolling, fuel could cost a little more this week.
Fuel prices are rising across the board. Diesel has gained a cent since last week, holding around $3.55 per gallon nationwide. The cheapest state for diesel is Texas, where it is right around $3.10 per gallon.
Gasoline prices have risen for the second consecutive week, gaining nearly $0.03 over the last week, and it is currently $3.11 per gallon.
GasBuddy says the gains are because of refinery issues, which could continue, and send gas prices up another $0.10-$0.35 over the next few months.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
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