Fuel
American companies will soon be exporting liquefied natural gas to Europe.
Fracking technology tips the favor back to domestic natural gas and fertilizer production
With supply chain disruptions, what investments are you considering to ensure you have the inputs and flexibility you need?
The DEF shortage story centered on the largest users of DEF – truckers. What’s causing the possible shortage and are the concerns imminent? John Phipps looks into the issue in John’s World.
While diesel fuel prices are off their summer peak the high cost is hitting hard at the farm level.
Infuriating price increases are the topic of the day, and but like the 80’s, rising inflation is driven largely by energy and the price of oil. It’s now less about the supply of oil, and more about refining capacity.
The move is contingent on legislative action, which would temporarily lift the 18.3 cents tax per gallon on gasoline and 24 cents tax per gallon on diesel during the summer months.
Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.
Diesel prices hit $5.58 a gallon on Friday, smashing another record. With NOAA predicting an above-normal hurricane season, it could introduce more trouble for already short diesel supplies.
Even with the partial ban by the European Union, one industry expert says it’s possible diesel prices will see a slight reprieve in the coming weeks; however, it won’t come in the form of dollars.