Energy prices continue to rocket higher. AgriSompo North America market analyst Sterling Smith expects even higher energy prices. “Crude oil is up $3.50 to $4 per barrel. Unleaded gasoline is up 12 cents per gallon and diesel prices are up.” Retail diesel fuel prices are expected to remain elevated. Smith says there are a lot of logistical problems in the Northeast. “They’re having to truck diesel from the South and the Midwest to keep diesel supplies in place. Even if we see futures ease, there’s not going to be anything there to keep prices from pushing higher.”
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