< Return to News
The Weekly Fill-Up | June 30 - July 4
The Weekly Fill Up: Market Trends and Local Energy Updates
Each week, Sioux Valley Coop tracks the trends shaping our local energy landscape and global fuel markets. Here’s a look at what’s happening this week that could impact your farm, fleet, or family:
1. Crude Oil Hovers Near $80 as U.S. Inventory Tightens
Crude prices are holding steady just under $80 per barrel. According to the EIA, U.S. commercial crude inventories dropped more than expected last week, driven by strong refining activity and increased gasoline demand.
Gasoline and diesel prices have risen modestly in response, with futures markets pricing in the possibility of higher summer demand.
What It Means Locally: Sioux Valley Coop is closely watching pricing shifts and supply availability as we schedule fuel deliveries based on tank levels and route efficiency. If you’re anticipating a spike in usage, now is a good time to contact our energy team to discuss supply planning.
2. Gulf Storm Threat Passes, Markets Stabilize—for Now
Tropical Storm Alberto made landfall in Mexico late last week, bringing minimal disruption to U.S. refining operations. However, the National Hurricane Center is watching two more systems forming in the Atlantic, reminding markets that hurricane season is officially here.
In Our Area: While the storm didn’t impact fuel flow in the Midwest, it sparked short-term volatility in wholesale pricing. Events like this highlight why Sioux Valley Coop’s delivery model—based on real-time tank monitoring and efficient routing—helps reduce uncertainty and keeps operations running smoothly.
3. Propane Exports Hit Year-to-Date High
International propane demand surged in June, with exports hitting their highest levels of the year. Asia remains the top buyer, with logistical demand likely to remain strong through late summer as global markets prepare for winter heating season.
What You Should Know: Propane prices remain stable for now, but rising exports could tighten U.S. supply later this season. Sioux Valley Coop uses built-in tank monitors to automatically schedule deliveries—so you don’t need to check gauges or call for refills. Our team is keeping an eye on market indicators to help you plan ahead.
4. Biodiesel Costs Inch Up as Soybean Prices Climb
Soybean prices have increased for the third week in a row due to dry weather in the Midwest, which has started to impact crop condition reports. This is putting upward pressure on renewable diesel and biodiesel costs, especially for higher blend fuels.
For Fuel Buyers: If you operate diesel equipment using biodiesel blends, expect to see some fluctuations in pricing through July. We’ll continue to monitor and share updates on the impact to regional fuel costs.
5. Summer Travel and Freight Volume Keep Diesel Demand Strong
The national demand for diesel remains firm thanks to steady freight movement and a sharp increase in summer travel. Trucking activity, rail fuel usage, and farm equipment consumption are all contributing to a healthy drawdown in national diesel stockpiles.
Locally: That steady usage has our delivery fleet moving at full capacity. Sioux Valley Coop is prioritizing efficient, data-driven routes to ensure timely deliveries across our region. Let us know if you anticipate any unusual usage—we’re here to help you stay ahead.
Sources:
- U.S. Energy Information Administration (EIA)
- National Hurricane Center (NOAA)
- CME Group Market Reports
- USDA Weekly Crop Progress
- Propane Education & Research Council