fuel prices

With many investors confident that the worst of the banking situation is behind us, oil prices are moving higher.  West Texas Crude prices increased roughly $4 in the past week, trading in the low-to-mid $70 per barrel range, which means gasoline prices are likely not far behind before moving up.  Despite...

According to the Energy Information Administration, ethanol production dropped below an average of a million barrels a day during the week ending on March 17th.  That’s the first time production dropped below that mark in over two months.  Output totale...

It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...

Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy.  Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.   “...

Oil prices giving up some of the gains that were made last week, trading slightly lower, just below $80 per barrel in Monday’s action.  Patrick DeHaan with GasBuddy said the Chinese economy is tamping down on those prices, after last week’s mini rally.  DeHaan noted that c...

Will the nation's farm sector generate yet another record amount of net income in 2023 as it's done the last two years?   “No, but the expectation is it will still be an above average year.”   USDA chief economist Seth Meyer told the USDA Outlook Forum last week that he expects net cash farm income this year to be $150.5 billion, which, if ...

Several key ag issues have taken center stage during the current Washington legislative session.  But is the farming community getting a fair shake in Olympia?   No, says Ritzville senator, Mark Schoesler.   He noted the 2022-2021 session was horrible for Washington’s farming community, but this session isn’t much better thanks to the deaf ear the ag community has received.  He pointed to the Cap

The turbulent see-saw that is oil prices continues to move back and forth.  Over the past week, West Texas Crude prices have moved lower, by slight amounts.  Pattrick DeHaan with GasBuddy said the reason those prices have moved lower may have many people scratching their head.   “Good and ...

Oil prices climbed slightly over the past two weeks following the news that Russia is going to trim oil production in the months ahead.  Patrick DeHaan with GasBuddy said while Russian oil is facing sanctions because of the invasion of Ukraine, that does not mean this production cut won’t impact international prices.   “Much ...

Farmers and producers across Washington could be paying higher fuel prices than they should.  The state’s Climate Commitment Act, or cap-and-trade, went into effect January 1st, establishing a cap on emissions and creating a carbon tax of around 40 cents per gallon.  While farmers...