By Chris Clayton
DTN
The aftermath of Hurricane Ida continues to affect U.S. corn and soybean exports, causing more than a half-billion dollars in damage to Louisiana agriculture. However, fuel prices have remained steady despite refining disruptions in the Gulf of Mexico.
More than three weeks since the hurricane hit major Gulf of Mexico oil production, fuel price impacts remain minimal. Diesel prices just as the hurricane hit at the end of August averaged $3.28 a gallon. AAA this week puts the average price at $3.30 a gallon. Still, for producers using high volumes of diesel fuel at harvest, the diesel price is 88 cents higher than a year ago.