Prices vary slightly, but flat in many market locations. At the start of the report week, temperatures were generally above average in the East, South, and West, though below average in the Midwest and Rockies.
There is just about a month left for producers to make election decisions on their 2016 Margin Protection Program coverage this fall. This year the environment is much different than last year's signup period with major world economies showing signs of stress and dairy product prices falling. We are offering a webinar that will:
U.S retail diesel prices dropped an average of five cents to $2.56 this week, bringing the 27-day average price to $2.82. The West Coast, Gulf Coast and New England regions saw the largest drop of six cents, while the Rocky Mountain region saw the smallest of only three cents. The Gulf Coast region has the lowest gas prices in the country at $2.41 this week. The Central Atlantic region has the highest at $2.78.
As previously reported by EIA, Midwest retail gasoline prices rose significantly as a result of the unplanned outage at BP's refinery in Whiting, Indiana. Following the outage, the supply chain is now in the process of adjusting and the availability of replacement supply is apparent.