(NAFB) Oil prices started the new year moving up slightly, and there is an expectation that fuel prices will climb in the first half of 2023. Patrick De Haan with GasBuddy says it’s been a bumpy start to the year.
De Haan says investors don’t know what to make of that opening. He says on one hand, it could drive up demand, pushing oil prices higher. But at the same time, De Haan says that opening could lead to additional COVID cases triggering additional lockdowns, stalling the Chinese economy. Either way, as he looks to the months ahead, De Haan says he expects fuel prices to move higher.
That’s GasBuddy’s Patrick De Haan.
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Submitted by Micheal Clements on Thu, 01/12/2023 – 12:54
Source: FBRD (Farm Broadcaster)
Audio provided by Glenn Vaagen, PNW Ag Network, Pasco, Washington
Audio with GasBuddy’s Patrick De Haan
Sunday Morning News
