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U.S. average retail regular gasoline price decreases, average diesel fuel price increases

The U.S. average retail price of regular gasoline decreased less than a penny from the previous week to remain $2.32 per gallon on October 5, 2015, 98 cents per gallon lower than the same time last year. The Midwest and Gulf Coast prices increased three cents and two cents, respectively, to $2.35 per gallon and $2.04 per gallon, respectively. The Rocky Mountain price decreased six cents to $2.48 per gallon, while the West Coast price fell five cents to $2.79 per gallon. The East Coast price was down one cent to $2.17 per gallon.


Heating oil expenditures forecast to be lower this winter

A forecast combination of warmer weather and lower crude oil prices is contributing to the lowest expected average residential heating oil expenditures in nine years for the winter heating season of 2015-16, which runs from October 1 through March 31. The average household using heating oil is forecast to spend about $1,390 for heating bills during winter 2015-16, down $460 from last winter’s average expenditures.


U.S. retail gasoline prices increase one cent

The U.S. retail gas prices saw a slight average increase of one cent this week to hit $2.25. The largest increase was in the Midwest, where retail gas prices jumped three cents to hit $2.33. The Gulf Coast saw a one-cent increase and the lowest retail gasoline prices in the country at $2.04.

West Coast prices fell the most with a seven cent drop to $2.56. The Rocky Mountain region was close behind with a six-cent decrease to $2.48. The highest retail gas prices in the country are in the West Coast region. 


Dunn: October dairy outlook

Pennsylvania dairy farmers saw milk income over feeds costs (IOFC) improve again in September, with a milk price increase surpassing rising feed costs, according to the latest Dairy Outlook report from Jim Dunn, Penn State University dairy economist.


Dairy Margin Watch: Margins end September mixed

Dairy margins were mixed over the last two weeks of September, weakening slightly in the fourth quarter of 2015, while improving in deferred months, according to the latest CIH Margin Watch report from Commodity & Ingredient Hedging, LLC.


August milk prices mostly steady

Average all-milk prices held fairly steady in August, but remain well below a year ago. August continues a seven-month trend in which the average U.S. milk price has deviated less than 30¢/cwt., staying in a range of $16.60-$16.90/cwt.


Pacific Rim nations close in on a landmark trade deal

Pacific trade ministers are optimistic of closing a sweeping Pacific Rim trade deal after progress on Friday on hurdles involving autos, dairy products and intellectual property protections for expensive biologic drugs.


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