Farm Diesel
- Farm diesel is unchanged on the week with only a few states gaining a penny or two here and there.
- Those gains were offset by a 9 cent decline in Ohio.
- WTI crude and heating oil futures opened the week with a softer tone, but heating oil remains elevated, around $2.07 Monday afternoon.
- We booked our remaining diesel needs for spring last week. Click here to read our advice.
- Our farm diesel/heating oil spread (see below) indicates pending near-term upside risk for farm diesel.
Propane
- Retail propane softened 4 cents on the week.
- Seasonally, propane should begin to soften toward its offseason low, but persistent winter weather in propane country will keep a hard floor under prices.
- No state posted a higher propane price this week,. however, and most states were unchanged from the prior week.
|
Fuel
|
4/2/18
|
4/9/18
|
Week-over Change
|
Current Week
|
Fuel |
|
Farm Diesel
|
$2.39
|
$2.37
|
Unchanged
|
$2.37
|
Farm Diesel |
|
LP
|
$1.43
|
$1.43
|
-4 cents
|
$1.39
|
LP |
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