fuel prices

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 fuel prices across the Northwest shot up, in some cases nearly a dollar in less than a month, there is a little relief to report this week.  West Texas Crude hasn’t changed that much, trading Monday slightly lower around $85 per barrel.  So, why did w...

Fuel prices continue to move higher after OPEC nations announced last week that production would be cut by two million barrels per day starting next month.  Economic experts say this will send fuel prices soaring, and could put the global economy in a tailspin.  OPEC of...

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...

Oil prices traded slightly higher in Monday's action, as investors tried to shake off fears of weaker demand into winter.  West Texas Crude traded around $87 per barrel , up slightly from the weekend.  While oil prices have edged higher as of recent, Patrick DeHaan says that's not a guarantee as we look to the weeks ahead.  He note...

Oil prices continue the slow drop we’ve seen throughout much of the summer, with prices for West Texas Crude trading around $90 per barrel in Monday’s action.  Patrick DeHaan with Gas Buddy said prices continue to drop because investors have so many unanswered questions when it comes to the health of economies across the globe.   “Right now, ...