Ethanol Production Jumps and Gas Prices Down-Diesel Higher
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Georgia Farm Bureau Insurance welcomes a new member to the Farm Bureau family.
It’s Lucky, a friendly, fluffy farm dog who loves helping people, AND is always ready for action.
Lucky is the smiling face and wagging tail of Georgia Farm Bureau Insurance’s new marketing campaign.
Lucky debuted this past weekend in the new GFB Insurance commercial on network TV and digital platforms.
Check out Lucky’s commercial at …
https://gfb.insure/GoodtoBeLucky.
www.gfb.org/media-and-publications/news.cms/2022/1354/gfb-insurance-welcomes-lucky
**The Energy Information Administration says U.S. ethanol production jumped to its highest level in almost a month during the week ending on October 7.
Ethanol output rose to an average of 932,000 barrels per day, the largest production level since the week ending on September 9 and up 43,000 from the prior week.
Ethanol inventories rose to 21.86 million barrels, up from 21.68 million barrels a week earlier.
**The nation's average gas price declined for the first time in four weeks, falling 5.4 cents from a week ago to $3.86 per gallon.
The national average is up 20.6 cents from a month ago and 56.6 cents per gallon higher than a year ago.
The national average diesel price increased 18.7 cents in the last week and stands at $5.26 per gallon.
Diesel and heating oil prices will likely continue to rise with extremely low inventories.
