Lower diesel fuel prices are prompting more farmers to fill their tanks.
Troy Thompson with ProVantage Cooperative in Wisconsin says the price of diesel fuel is around two dollars per gallon lower than a year ago. “Right now, the prices are attractive so, compared to what we’ve seen, so people are keeping their tanks full and supply is okay right now.”
But Thompson says the supply did tighten during a Twin Cities refinery maintenance closure and, “The pulling of fuel from the strategic reserves is kind of coming to an end, so we’re kind of curious to see where this goes.”
Thompson says it would be wise to fill the farm tanks and arrange advance purchases now as prices might not stay where they are.