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Fuel Price Outlook for 2022

 

Ongoing increases in fuel prices have producers thinking more about their future gasoline or diesel purchases. Kansas State University Farm Management Economist Gregg Ibendahl says the U.S. Energy Information Administration has put out predictions of what they expect the trend of fuel prices to be for the future.

 

Ibendahl says if the EIA prediction is accurate, producers can expect prices to decline during the year.  Ibendahl says typically we see our highest gas prices during the summer and diesel prices during the fall. He expects that trend to be the same for this year.

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