But gasoline and diesel prices are rising again and diesel users are still getting pounded by high prices. And more. Email not displaying correctly?
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The One-Minute Meeting
One of the biggest reasons electric bills rose this winter is that natural gas prices went through the roof. Natural gas is a key fuel in producing electricity. But in recent days, natural gas prices have plummeted. Supplies are growing and, while some of you are freezing this week, it has been an unusually mild winter for much of the country. The question is whether you will see utility prices fall with the natural gas price decline.
On the other hand, gasoline prices are rising and have not hit their peak. People are driving more than they were a few months ago and crude prices rose. We do not know when production and use will even out.
Diesel prices remain stubbornly high just as farmers start prepping to go to the fields to begin spring planting. It is said that diesel fuels the U.S. economy and diesel prices are projected to remain more than a dollar higher than gasoline prices into the summer.
Americans who want to avoid high egg prices have flocked to the ill-conceived idea of raising their own chickens so they can get their eggs for free. The largest seller of live chickens says it has doubled its chicken sales since 2018. Purely Poultry, a direct-to-consumer chicken supplier in Durand, Wisconsin, reports a 29% uptick in new accounts and a 28% increase in sales compared with this time last year. By the time you add up the cost of the chicken, coop, feed, medicine, water, heat and time spent tending the birds, you might be expecting the hens to be laying golden eggs. Let me pull together the reality of this idea in case your loved one comes home with a plan to save some money that “can’t fail.”
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