oil prices

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 American Farm Bureau Federation is out with some dramatic new figures on the toll fuel inflation is taking on producers and consumers.  AFBF Chief Economist Roger Cryan said the cost of growing food and fiber is soaring. “At the retail level, gasoline is up 50% from a year ago and fuel oil is up 100% from a year ago, quite a high-cost increase for farmers," with diesel up 74% from a year

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...

Russia’s war against Ukraine is hitting Americans in the pocketbook and many overseas in the stomach.  Ukrainian grain exports have collapsed, and Western sanctions limit Russian oil and fertilizer exports.  All of this makes U.S. and European...

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 ...

The U.S. Energy Information Administration forecasts that a variety of U.S. energy prices will remain historically high through 2023. The outlook includes oil, natural gas, coal, and electricity, as seen in EIA’s June 2022 Short-Term Energy Outlook Tuesday. ...

It’s been a theme for the American consumer for months at this point, gas prices continue to move higher. Combined that with record diesel and fertilizer prices, producers says they’re seeing those input costs cut into their bottom lines. And that ...

The first five months of 2022 have been a challenging time for consumers of gasoline and diesel, with prices rising dramatically between January 1st and now. And fuel prices could be moving higher in the coming weeks, with West Texas Crude trading near $120 per barrel in early Tuesday action, up roughly 3 ...

After weeks of volatile oil prices, there has been some stability on the international scene. However, refined products here in the U.S. have continued that roller-coaster movement, with gasoline and diesel prices moving higher over the past week ...