Oil prices have been on a rollercoaster ride ever since the United States and Israel started bombing Iran. Initially, oil prices moved higher, but last week, oil prices dipped after President Trump paused attacks on Iran. But since those have resumed, oil prices have again moved higher. Patrick DeHaan, senior petroleum analyst at Gasbuddy.com, said it should come as no surprise that fuel prices are moving higher because of increased oil prices, but what has perhaps surprised many in the farming world is how steep the jump has been for diesel prices.
DeHaan says that as far as the future of oil and fuel prices, it’s hard to predict where prices are going. If the United States and Iran can reach some kind of agreement in the coming weeks, he thinks prices will start to move lower. But if President Trump sends in ground troops, the situation would turn worse.
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