fuel prices

Consumers enjoyed a bit of relief at both the gas and diesel pump to wrap up 2022.  Fuel prices started to fall in some locations in early November, and continued through December, thanks to dropping oil prices, and economic uncertainty both in the U.S., but a...

Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...

West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...

Thanks to international issues and pressures, oil prices have been fairly volatile over the past couple of weeks.  Patrick DeHaan with GasBuddy said the price for a barrel of West Texas Crude fell last week, thanks to China’s zero COVID policy, which locked down the 2nd largest economy in the world.   Howeve...

Cargill’s CEO said he expects food prices to decline in 2023.  Yahoo said that’s despite tight global crop stockpiles, especially in oilseeds.  David MacLennan, Cargill CEO, said the solution to the food versus fuel debate is to boost global crop commodity production.   “We don’t think i...

With diesel prices more than $1.50 per gallon higher than this time last year, the American Farm Bureau Federation is calling on the Administration to bring more domestic supply online.  The Ag organization said a ban on U.S. imports of petroleum from Russia, lower domestic production capacity, and seasonal demand are all contributing to higher costs.     ...

Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world's top crude importer, potentially relaxing its strict COVID-19 restrictions.  West Texas crude dropped to $91 per barrel at Monday’s close, after jumping up to over $93 at one point Monday; the highest West Texas price we’ve seen since August 30th.   Prices climb...

It’s safe to say when it comes to oil prices, 2022, has been anything by a typical year.  After a summer filled with volatility and fuel prices that rocketed up to levels we've never seen before, Patrick DeHaan with GasBuddy said thing have calmed down relatively speaking.  West Texas Cr...

After moving lower in much of September, oil prices have turned things around, and are now trending higher.  In early trade Tuesday, the price for West Texas Crude was trading around $84 per barrel.  And with that increase in oil prices, fuel prices have increased substantially over the past couple of weeks.  Dan Pickering, CE...

Fuel prices have done something this week we haven’t seen since early June; they moved higher.  According to GasBuddy, the national average for a gallon of gasoline inched up over three cents per gallon.  This comes as West Texas Crude traded in the mid $70 per barrel range Monday.   So, why the disc...