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Russia-Ukraine Issue Driving Fuel Prices Higher

Brian German Agri-Business, Biofuels/Energy, Radio Reports

Fuel Prices
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For the seventh straight week, the nation’s average gas price climbed, up 4.6 cents from a week ago to $3.47 per gallon. The national average is up 16.5 cents from a month ago and 97.2 cents per gallon higher than a year ago. The national average price of diesel increased 8.9 cents in the last week to $3.87 per gallon, the highest since July 2014. California remains the state with the highest average price per gallon of gas and diesel. Gas on average in California is $4.69 and the average price per gallon of diesel is $4.96. The jump in gasoline prices continues as oil prices continue to push higher, reaching $94 per barrel last week on continued concern over the possible imminent threat that Russia may invade Ukraine.

NAFB contributed to this report.

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Russia-Ukraine Issue Driving Fuel Prices Higher

Danielle Leal
Multi-Media Journalist & AgNet News Hour Anchor