Let's take a look at trends in fuel prices. That's what we'll see in This Land of Ours.
The national average gasoline price rose for the fourth consecutive week, rising 8.7 cents from a week ago to $3.26 per gallon. The national average is 16.7 cents higher per gallon than a month ago, but 11.6 cents per gallon lower than a year ago. The national average diesel price rose 10 cents last week to $4.09 per gallon, down 38 cents from a year ago.
“One of the most important factors determining how much gas prices will rise will be how quickly and efficiently refiners complete their pre-summer maintenance and how quickly the EPA “The question is whether we can start producing the mandatory summer gasoline and build up supply in time for Memorial.” Day. “
Although there has been some sideways movement in oil prices, the overall strength remains, with oil prices currently approaching $80, the highest since November. Meanwhile, U.S. retail gasoline demand rose 0.7% in the week ending February 18.
From the National Agricultural Broadcasting Association.
Listen to Sabrina Halverson's This Land Of Ours program here.
Sabrina Halverson
National Correspondent / AgNet Media, Inc.
Sabrina Halverson is an award-winning journalist, broadcaster, and speaker specializing in agriculture. She primarily reports on legal issues and hosts The AgNet News Hour and The AgNet Weekly podcast. Sabrina is originally from California's agricultural Central Valley.