fuel prices

Oil prices continue the trend of moving down, slowly, but surely.  In Monday’s action, West Texas Crude was trading just over $90 per barrel, continuing a trend first seen roughly nine weeks ago.  As oil prices continue to move lower, the Administration is hopeful gasoline prices will continue to go down as well.  As Energy Secretary Jen...

On Monday, Oregon Senator Ron Wyden met with a local farmer, student and nonprofit organizer in Bend discussing his new effort to reduce fuel prices.  Last week, Wyden unveiled his “Taxing Big Oil Profiteers Act”, and he said it sends a message.   “For ex...

It’s a trend many consumers, and many motorists have enjoyed as of recent; oil prices moving lower.  In fact, for the past nine weeks, the price for a barrel of West Texas Crude has dropped to $88 in Monday's trade, an over 4% drop from Sunday's numbers.   W...

Inflation is "front and center" for agriculture and other sectors as D.C. lawmakers prepare for the November midterm elections.  Iowa Senator Joni Ernst said farm families, regardless of commodity, are feeling the pinch. “We are in a recession, and a lot of these families that normally are exhilarated by the thought of spending a week-and-a-half away from home with their livestock, with

Oil prices have moderated over the past couple of weeks, allowing fuel prices to flatten or even decrease.  West Texas Crude traded higher in Monday’s action, up by $2 per barrel, but remained below the $100 threshold at $96. So, why have oil prices, and fuel prices flattened over the past month? Patric...

The top economist for the American Farm Bureau predicts fuel and fertilizer prices will stay high the next couple of years as commodity prices further squeeze farm margins.  Roger Cryan said input inflation spurring higher interest rates will make farming more expensive, and may stick around into 2024. “...

According to USDA estimates, the cost of fuel, lube and electricity is expected to increase 34% over 2021 numbers.  American Farm Bureau Federation economist Shelby Myers says farmers are feeling the pinch. “They've been facing these price increases all throughout the spring and they've been working to get what could be one of the most important crop years planted. And for g...

Last week, Clean Fuels Alliance America touted the benefits of biodiesel when it comes to the price at the pump to President Joe Biden and leaders in Congress. In a letter to the president and lawmakers, the organization says U.S. biodiesel and renewable diesel producers are working to extend fuel supplies and provide relief at the pump to American families...

Oregon senator Ron Wyden is speaking out against “Big Oil.”  He said he’s angry about “war profiteering”. “Big oil is charging far more for the same gallon of gas than they were doing, for example, in other times when we had big economic challenges.” Wyden went on to add the major oil ...

The price for oil continues to set records, with West Texas Crude trading over $121 per barrel in early Tuesday action, that’s nearly double the price we saw back in August. With energy prices driving inflation to levels the U.S. econ ...