Fuel
Rural America will be feeling the strain of fuel costs as diesel and heating oil costs rise in tandem.
The surge in inflation in the latest Consumer Price Index report released Wednesday by the U.S. Bureau of Labor & Statistics is raising concerns across the market. Gasoline prices emerged as the primary driver of the CPI increase, accounting for more than half of the overall rise.
Analysts with the Propane Education & Research Council say the outlook for propane prices is positive for the fall harvest season.
The popular fuel used to run farming equipment has increased by 22 cents in just a week.
Groups are looking for clarification on EPA’s plan to achieve the increase and what fuel products will qualify.
The Russian Ukrainian war has spurred the development of bioethanol in the country.
