Weekly Farm Fuels Bulletin | Diesel Stalls, LP Falls

Posted on 04/16/2018 3:30 PM

 

Farm Dieselfarm diesel price chart

  • 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.

 

 

Propanepropane price chart

  • 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

farm diesel heating oil spread chart


 

 

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