Name: B. Mello Ag Services
Address: 5771 7th Avenue, Hanford, CA, 93230, US
Telephone: (559) 816-3889
Price range: $$

Having trouble viewing this email?

Weekly Energy Update · Week 44

Fuel & Energy Report

B Mello Ag Services · Central Valley, CA

Published Monday, October 26, 2026 • Week in Review: October 19–25 • Forecast: October 26–November 1

♦ CA DIESEL $8.455 (▼6¢ WK · 5.7¢ UNDER RECORD) ♦ CA REGULAR $6.024 (▼15¢ WK) ♦ BRENT $116.72 FRIDAY, HIGHEST SINCE APRIL 29 ♦ WTI $103.27 ♦ LA WHOLESALE DIESEL ▲31¢ ♦ US DISTILLATE STOCKS 104.3M BBL ♦ HENRY HUB NEAR SIX-MONTH LOW

All Fuel Reports

📈 This Week’s Call

Diesel slipped 5.7 cents and stayed under its record, but wholesale jumped 31 cents and Brent hit a six-month high. We called it higher, and the pump did not follow yet.

Last Monday we called California diesel higher at $8.50 to $8.72 and put the odds of another record near four in five. That call missed. AAA’s Sunday read puts diesel at $8.4550, down 5.7 cents on the week and 5.7 cents under the $8.5123 record set October 18, 4.5 cents below the bottom of our range. We had the direction wrong and the record odds too high. EIA’s survey for the week of October 19 printed $8.242, up 15.1 cents, inside our $8.15 to $8.30 range, against a national average of $6.276, up 9.7 cents. Gasoline went the way we said. Regular finished at $6.0236, down 15.5 cents and inside our $6.02 to $6.20 range, right at the bottom; EIA regular printed $6.031, inside our $5.97 to $6.10 range. Wholesale turned up hard. Los Angeles ultra-low-sulfur diesel spot averaged $5.324 for the week ending October 16, up 31.3 cents, while Los Angeles gasoline spot fell 24.9 cents to $3.635. Crude climbed. WTI settled Friday at $103.27, up 2.3% on the week per Reuters and inside our $94 to $108 range, and Brent at $116.72, up about 6% and its highest settlement since April 29, as Houthi attacks hit Saudi Arabia. Our read: the pump has not passed the wholesale move through. Los Angeles diesel is up 35.4 cents since the week ending October 9 while the statewide pump is up only 6.4 cents, and Brent just made a new six-month high. A distillate stock build is the one thing pulling the other way. We lean higher on diesel, with a smaller call than last week, and lower on gasoline.

⛽

Section 1

Last Week at the Pump

AAA’s Sunday, October 25 read puts California diesel at $8.4550, down 5.7 cents on the week and 5.7 cents under the October 18 record of $8.5123. Regular finished at $6.0236, down 15.5 cents. Diesel is up about 1.7 cents in a month and roughly $3.34 in a year; gasoline is down 26.5 cents in a month and up $1.43 in a year. EIA’s survey for the week of Monday, October 19 put California on-highway diesel at $8.242, up 15.1 cents, against a national average of $6.276, up 9.7 cents; EIA regular was $6.031, down 7.3 cents. EIA samples Monday and AAA reports Sunday, so the two will not always agree on direction in a given week. Here is the number that matters: eight of nine Valley metros slipped, and only Merced rose. The statewide price is still within 6 cents of its record, and wholesale is now moving the other way.

CA Diesel

$8.455

statewide · AAA 10/25

↓ 6¢ wk · 5.7¢ under record.

LA Wholesale

$5.324

diesel spot · wk 10/16

↑ 31¢ · second straight rise.

Brent Crude

$116.72

settle · Fri 10/23

↑ ~6% wk · WTI $103.27.

Distillate

104.3M bbl

US stocks · wk 10/16

↑ 1.7M · vs 1.2M draw expected.

Central Valley & Reference Markets, On-Highway Diesel

Market

Diesel

Note, and where regular sits

Merced

$8.318

▲ 1¢

The only metro that rose, up 1.5 cents. It set a metro record of $8.3341 on October 23 before easing. 13.7¢ under the state average. Regular $6.024. AAA, October 25.

Bakersfield

$8.300

▼ 6¢

Cheapest diesel in the Valley, down 6 cents. Regular is the priciest in the Valley. 15.5¢ under the state average. Regular $6.166. AAA, October 25.

Stockton–Lodi

$8.319

▼ 10¢

Down 10 cents, the biggest drop on this table. North Valley hauling reference, where the walnut loads run. 13.6¢ under the state average. Regular $5.856. AAA, October 25.

Sacramento

$8.426

▼ 4¢

Down about 4 cents, 2.9 cents under the state average. It set a metro record of $8.4639 on October 21. Regular $5.968. AAA, October 25.

Modesto

$8.484

▼ 5¢

Down 5 cents, second-dearest diesel in the Valley. Regular is the cheapest gasoline in the Valley. 2.9¢ over the state average. Regular $5.855. AAA, October 25.

Hanford–Corcoran

$8.387

▼ 7¢

Down about 7 cents. 6.8¢ under the state average. Regular $5.945. AAA, October 25.

Visalia–Tulare

$8.363

▼ 7¢

Down about 7 cents. 9.2¢ under the state average. Regular $5.931. AAA, October 25.

Madera–Chowchilla

$8.453

▼ 3¢

Down about 3 cents and sitting on the state average. 0.2¢ under it. Regular $5.962. AAA, October 25.

Fresno

$8.533

▼ 1¢

Still the dearest diesel in the Valley, but 0.9 cent off its October 18 metro record of $8.5421. 7.8¢ over the state average. Regular $5.967. AAA, October 25.

California avg.

$8.455

▼ 6¢

AAA, October 25, down 5.7¢ on the week and 5.7¢ under the $8.5123 record set October 18. Up about 1.7¢ in a month and $3.34 in a year. EIA’s week-of-10/19 survey printed $8.242, up 15.1¢. Regular $6.024, down 15.5¢ on the week and 26.5¢ in a month, up $1.43 in a year.

West Coast (PADD 5)

$7.394

▲ 15¢

EIA, week of 10/19, up 15.4¢. Includes California, Oregon, Washington, Nevada, Arizona and others. The West Coast excluding California is $6.659, up 15.6¢, so California sits $1.58 above the rest of the region and 84.8¢ above the region as a whole.

U.S. avg.

$6.276

▲ 10¢

EIA, week of 10/19, the DOE figure your hauler’s surcharge runs off. It rose 9.7¢ while California rose 15.1¢, so the California diesel premium widened to $1.97 from $1.91. National regular $4.284.

Diesel detail: Off-road dyed diesel is exempt from California’s 48.2¢ state excise and the 24.4¢ federal excise, roughly a 72.6¢ per gallon spread before sales tax. At Fresno’s $8.533 pump that puts dyed product near $7.81 a gallon, about $7,807 to fill a 1,000-gallon on-farm tank, roughly $9 less than last week. Price your rack and cardlock against these numbers, not the sign on the highway. Here is the test for your delivered price: Los Angeles diesel spot is up 35.4 cents since the week ending October 9 ($5.011 to the $5.365 daily print on October 20), while the statewide pump is up only 6.4 cents over the same two weeks ($8.3910 to $8.4550). Wholesale leads the pump by one to two weeks, so some of that gap is timing, and it says your price is more likely to rise than fall this week. If your delivered price has already risen by more than the wholesale move explains, ask your supplier where the difference went.

For your surcharge tables. The DOE national on-highway diesel average of $6.276 for the week of October 19 governs fuel surcharges this week. It rose 9.7 cents while California rose 15.1, so the California premium over the national number widened to $1.97 a gallon from $1.91. The fix has not changed: index to the EIA California series or a West Coast rack, get it in writing, and stop letting a Gulf Coast number price a Central Valley load.

🔮

Section 2

The Week Ahead: Our Forecast

For the week of October 26 through November 1. Brent settled Friday at $116.72, up about 6% on the week and its highest settlement since April 29, and WTI at $103.27. Los Angeles ultra-low-sulfur diesel spot for the week ending October 16 came in at $5.324, up 31.3 cents, and Los Angeles gasoline spot fell 24.9 cents to $3.635. US distillate stocks built 1.68 million barrels to 104.3 million. Retail diesel slipped while wholesale surged, and that gap is the forecast.

Fuel

Expected Range

Direction

CA On-Highway Diesel
(AAA, Sun 11/1)

$8.42 – $8.62

▲ Modestly higher. Los Angeles wholesale is up 35.4¢ in two weeks and the pump only 6.4¢, and Brent just made a new six-month high. A distillate stock build and a flat Los Angeles print on October 19 and 20 ($5.383, $5.365) cap how fast retail can move. The $8.5123 record sits inside our range, and we put the odds of a new record near 40%.

CA Regular Gasoline
(AAA, Sun 11/1)

$5.88 – $6.02

▼ Drifts lower. Los Angeles gasoline spot has fallen 80.3¢ in two weeks ($4.438 to $3.635) and winter-blend gasoline is in effect, so retail has room to keep easing. Crude’s climb limits how far. The $6.4375 record is 41¢ away and we put the odds as remote.

EIA Print, Mon 10/26

CA diesel $8.14 – $8.26
CA regular $5.80 – $5.93

↔ Diesel flat to lower, gasoline lower. EIA has run 27 to 30¢ under AAA on diesel and 15 to 20¢ under on regular the last two weeks, so we applied those gaps to Sunday’s AAA read. Today’s survey catches the dip before the wholesale rise reaches the rack.

Central Valley Retail

Diesel 16¢ under to 8¢ over state avg.

↔ Holding its shape. Eight of nine metros slipped. Bakersfield is your cheapest fill at $8.300, Fresno your dearest at $8.533, a 23-cent spread across the same valley floor, about the same as last week.

Crude (WTI)

$96 – $112

▲ Biased higher, headline driven. Settled $103.27 Friday (the December contract; November expired this week) as Houthi attacks hit Saudi energy infrastructure and traders priced in a resumption of US strikes on Iran. Reports put those strikes after the November 3 midterms. A Hormuz or Iran deal would knock this down fast, and further escalation would test the $120 Brent level analysts are flagging.

Brent–WTI Spread

$11 – $16

↔ Wide, and it stays wide. Brent $116.72 against December WTI $103.27 is a $13.45 gap, wider than the $7 to $13 we called last week. Brent carries the Middle East risk premium, and that premium is what moved this week.

▲ Pushing Prices Up

Crude made a six-month high. Brent settled at $116.72, up $3.55 on the day and about 6% on the week. Houthi attacks hit targets across Saudi Arabia, including energy infrastructure; Saudi Aramco ordered its Dhahran headquarters evacuated and the State Department ordered non-essential personnel out. Iran’s Revolutionary Guard claims seven tankers were hit. UKMTO confirmed two attacks on tankers this week; we cannot confirm the rest.

Wholesale diesel is running ahead of the pump. Los Angeles diesel spot averaged $5.324 for the week ending October 16, up 31.3 cents, and the daily prints on October 19 and 20 held at $5.383 and $5.365.

The cushion is thin. The US Strategic Petroleum Reserve is down to 282.9 million barrels, the lowest since October 1982, and the American Trucking Associations’ chief economist says he does not expect much relief.

▼ Holding Prices Down

Distillate stocks built. EIA put US distillate inventories at 104.3 million barrels for the week ending October 16, up 1.68 million when analysts expected a 1.16 million draw. Refinery utilization held at 93.4%.

Gasoline wholesale keeps falling. Los Angeles gasoline spot fell 24.9 cents to $3.635, and winter-blend gasoline is in effect early under Governor Newsom’s September 28 order. Retail fell 15.5 cents and has room to fall further.

Some of this is risk premium, not lost barrels. Analyst Andrew Lipow notes flows out of Hormuz have increased, so the price gain reflects the risk of disruption. A quiet weekend can take some of it back. We are not planning around a deal this week.

Our read: The scorecard first. We called California diesel higher at $8.50 to $8.72 and said another record was four in five. AAA came in at $8.4550, 4.5 cents under the bottom of our range and 5.7 cents under the record. We missed on direction and we were too sure of ourselves. EIA diesel at $8.242 landed inside our range. On gasoline we called lower and got it: AAA regular at $6.0236 sat at the bottom of our range and EIA at $6.031 inside ours. On crude WTI settled at $103.27, inside our $94 to $108, but the Brent–WTI spread came in at $13.45, over the top of our $7 to $13. We named three things that would prove the diesel call wrong. A Los Angeles spot print down another 15 cents did not come; it rose 31.3. WTI under $92 by Thursday did not come. A Hormuz acceptance did not come. The call was wrong anyway, and the reason is retail: the pump lagged the wholesale move. Here is why we still lean higher, with a smaller call: wholesale is up 35.4 cents in two weeks, the pump only 6.4, and Brent is at a six-month high. That gap does not usually stay open. The offset is a 1.68 million barrel distillate build. What we’d do with that: keep buying diesel week to week, but cover the loads and sets you can name for the next 10 to 14 days now rather than waiting for a drop, and do not sign a term price near a record. On gasoline, buy what you need; it is drifting lower. What would prove the diesel call wrong: a Los Angeles spot print for the week ending October 23 down 15 cents or more, Brent back under $108 by Thursday, or Washington and Tehran announcing a Hormuz deal. We are watching Wednesday’s distillate line and that day’s Los Angeles spot number.

⚡

Section 3

Your Other Energy Costs

Propane is up about 32% in a month and natural gas fell to near a six-month low. PG&E’s agricultural winter season, which began October 1, enters its fourth week with the same 5–8 p.m. peak window. Natural gas dropped to about $2.65 on a storage build smaller than expected and mild weather forecasts.

Input

Where It Is

What It Means for You

Electricity
(pump power)

Winter season, week four
~35¢/kWh blended

Still the cheapest thing on this page, and the gap to diesel is holding. The peak window stays at 5–8 p.m. every day, and the seasonal energy charge is below the summer level on AG-A, AG-B, AG-C and TOU-PA. PG&E’s 2027–2030 General Rate Case is still pending at the CPUC; as reported earlier by Agri-Pulse, a final decision is scheduled for May 2027. PG&E reported third-quarter earnings October 22: core EPS fell to $0.41 from $0.50, and its Wildfire Fund expense rose 64% to $141 million. The statewide Wildfire Fund charge on every large utility bill is 0.591¢ per kWh in 2026. We found no new rate change or CPUC decision this week. The 35¢ figure is our blended planning estimate. Pull your own tariff before you budget against it.

Natural Gas
(Henry Hub)

Fell
~$2.65/MMBtu

Henry Hub dropped more than 5% Friday to near $2.65 per Trading Economics, close to its lowest level since late April, as milder weather forecasts cut expected heating demand. Storage built 77 Bcf for the week ending October 16, below the 79 Bcf analysts expected and the 87 Bcf five-year average, after 67 the week before. Inventories stand at 3.644 Tcf, about 1% above the five-year average and 4% below last year. Lower 48 output averaged 111.4 Bcf/d in October, under the 113.3 record of August and September, and above-average temperatures are forecast through November 5. EIA’s October outlook put the fourth-quarter Henry Hub average at $3.30. Gas is still far and away your cheapest thermal Btu against $8.46 diesel. We did not source a PG&E citygate or SoCal border price this week.

Propane

Rising
~$1.17/gal Mont Belvieu

Mont Belvieu printed about $1.17 on October 23 per Trading Economics, up 31.6% on the month and 78.7% on the year. EIA’s weekly spot average for the week ending October 16 was $1.067, up 11.0 cents from 95.7 cents, and the daily print reached $1.133 on October 20. If you have not booked frost-protection, dryer and heater gallons, this is no longer a market to wait in. We would finish those gallons this week and next, before November.

LCFS &
Cap-and-Invest

Allowances $32.48
LCFS: no fresh print

California cap-and-invest allowances cleared at $32.48/ton at the August auction, up $3.67 from the prior quarter, and the fifth consecutive sold-out auction. The next auction is in November. The last LCFS credit price we could source was $78.625, assessed by OPIS on July 30, so we are not printing a current one. These costs do not fall when crude falls. They are the permanent floor under the California premium.

Off-Road /
Dyed Diesel

Tracking on-highway
~73¢ tax spread

Dyed diesel is exempt from California’s 48.2¢ state excise and the 24.4¢ federal excise, about 72.6¢ a gallon before sales tax. That spread is fixed, so your bulk delivered price tracks on-highway in both directions. Los Angeles diesel spot printed $5.324 for the week ending October 16, up 31.3¢ from $5.011. The next weekly print lands Wednesday, October 28 and covers the week ending October 23, the verdict on whether wholesale keeps rising.

Diesel pumping versus electric, at this week’s prices. The gap held. A diesel irrigation engine burns roughly 0.055 gallons per horsepower-hour at load. A 100-HP unit running eight hours is about 44 gallons a day, at Fresno’s $8.533 that is $375 a day, down from $376 last week. The same duty on an electric motor at 83 kW is 664 kWh; at 35 cents a kilowatt-hour that is $232. That is $143 a day, per pump, for running the wrong one, unchanged from last week. Over a 30-day month on three pumps it is about $12,900. Those figures use a 35-cent blended rate and standard engine fuel maps; pull your own tariff and your own engine curve before you commit, because both vary by operation.

What this week cost a 10,000-gallon harvest program. Statewide diesel slipped 5.7 cents in seven days. On 10,000 gallons that is about $570 less, with no change in what you actually did. Step back to thirty days and statewide diesel is up about 1.7 cents a gallon, or $165 more to run the same program, and a year ago the same gallons cost $33,360 less. The pump gave a little back while wholesale did the opposite, and that is the part to watch.

📰

Section 4

News Behind the Numbers

Global · Highest Impact

Brent Closed at $116.72, a Six-Month High, as Houthi Attacks Hit Saudi Arabia

Brent settled Friday at $116.72, up $3.55 on the day, about 6% on the week and its highest settlement since April 29. WTI settled at $103.27, up 2.3% on the week per Reuters (the front month rolled to December on October 20). Houthi attacks hit targets across Saudi Arabia, including energy infrastructure, Aramco ordered its Dhahran headquarters evacuated and the State Department ordered non-essential personnel out. Iran’s Revolutionary Guard claims seven tankers were hit; UKMTO confirmed two attacks on tankers this week and the rest are unconfirmed. Traders increasingly expect US strikes on Iran to resume within weeks, and President Trump said Washington is not negotiating with Tehran. What it means for your fuel bill: a $10 move in a barrel of crude is worth about 24 cents a gallon, so Brent’s $6.86 gain this week is roughly 16 cents of diesel pressure that the pump has not fully shown, and it typically arrives in one to two weeks. Analysts at FinanceFeeds put the base case for Brent at $112 to $120 next week.

Refining · Stocks

Diesel Stocks Built When Analysts Expected a Draw, but the Reserve Is Nearly Empty

EIA’s weekly table for the week ending October 16 put US distillate inventories at 104.3 million barrels, up 1.68 million when analysts expected a 1.16 million draw. Commercial crude stocks fell 3.06 million barrels to 412.5 million, gasoline stocks fell 2.95 million to 205.3 million, and refinery utilization held at 93.4%. Separately, the Strategic Petroleum Reserve has fallen to 282.9 million barrels, the lowest since October 1982, and the American Trucking Associations’ chief economist says distillate stocks “do not bode well” for fall freight prices. Why it matters on the ground: the build is the one bearish number in a bullish week, and it is why our call is smaller than last week’s. It does not fix a reserve running out of barrels to sell.

California · Wholesale

Los Angeles Diesel Jumped 31 Cents While the Pump Slipped

EIA’s weekly spot series for the week ending October 16 put Los Angeles ultra-low-sulfur diesel at $5.324, up 31.3 cents after a 14.1 cent rise the week before, and Los Angeles gasoline at $3.635, down 24.9 cents and down 80.3 cents in two weeks. Daily diesel prints held at $5.383 and $5.365 on October 19 and 20. Meanwhile AAA’s statewide diesel slipped 5.7 cents to $8.4550. Governor Newsom’s September 28 order moved winter-blend gasoline up to immediate sale, which Hoodline reports costs refiners about 15 cents a gallon less to make; AAA’s Doug Johnson says October is still poised to be the most expensive October on record for gas. For you: the gap between wholesale and pump is the most useful number on this page, and it points up for diesel and down for gasoline.

Policy · Relief

USDA Announces an $8 Billion Harvest Fuel Relief Program, With No Details Yet

President Trump announced Monday, October 19 that USDA will launch an $8 billion harvest fuel relief program administered by the Farm Service Agency, with one-time payments under a uniform formula meant to cover part of modeled 2026 losses. The reports we found did not give eligibility, a sign-up date, per-acre rates or any mention of California. What it means for your costs: nothing changes at the rack this week, and we would not budget against money that has no rules yet. Keep your fuel receipts and acreage records current, and watch for an FSA notice. California’s state tax rules on dyed fuel have not moved, and dyed fuel does not belong in a road vehicle here.

Harvest · Season

Almond Harvest Ran Early, Which Shifts Where the Diesel Gets Burned

The California almond harvest started about 10 days earlier than typical, with San Joaquin Valley orchards a few days to a week ahead, and processors will keep receiving almonds into November with processing expected to finish earlier than usual, per FreshPlaza on October 13. Why it matters on the ground: for almond growers more of the shaking, sweeping and hauling diesel is likely already burned, so the exposure now moves to nut delivery, fall field work and frost-protection fuel. Propane is the one to price now.

✅

Section 5

What To Do This Week

✓ Action Items

1. Keep buying diesel week to week, and cover the next 10 to 14 days. Los Angeles wholesale is up 35 cents in two weeks, the pump only 6, and Brent is at a six-month high. Cover the loads and irrigation sets you can name now, and do not sign a term price near a record.

2. Get the rack basis in writing. Wholesale and retail are moving different directions, which is when a cost-plus contract either works for you or does not. Ask for the rack reference on every delivery ticket, with language that moves your price down when the rack moves down.

3. Buy gasoline as you need it. Regular fell 15.5 cents and Los Angeles gasoline spot has fallen 80 cents in two weeks, so the pump should keep easing. Do not tank up early.

4. Book propane this week. Mont Belvieu is about $1.17, up 32% on the month and 79% on the year. Finish your frost-protection, dryer and heater gallons before November.

5. Index your surcharges to California. The DOE national average rose 9.7 cents while California rose 15.1, and the California premium widened to $1.97. Put the EIA California series or a West Coast rack in writing on every hauling contract.

6. Watch for the USDA fuel relief notice. The $8 billion harvest fuel program has no published rules yet and California was not mentioned. Keep fuel receipts and acreage records ready, and do not count on it in your budget.

👀 What We’re Watching This Week

Monday, Oct. 26: EIA weekly retail gasoline and diesel survey. Our call is California diesel $8.14–$8.26 and regular $5.80–$5.93. Watch the crude open for the first weekend reaction on Saudi Arabia and Iran.

Tuesday, Oct. 27: API stocks report at 4:30 p.m. EDT.

Wednesday, Oct. 28: EIA Weekly Petroleum Status Report at 10:30 a.m. EDT. Go straight to the distillate line. Also the EIA weekly spot price release, with the Los Angeles diesel print for the week ending October 23: that number is the verdict on whether wholesale keeps rising. The Federal Reserve also announces its rate decision that day.

Thursday, Oct. 29: EIA natural gas storage report at 10:30 a.m. EDT.

Sunday, Nov. 1: AAA’s weekly read, and whether California diesel takes out $8.5123.

Tuesday, Nov. 3: US midterm elections. Reports say new US strikes on Iran are planned for after the vote, so the oil market may start pricing that in before it.

Ongoing: Houthi attacks on Saudi infrastructure, Strait of Hormuz transit and tanker reports, any US strike or Iran talks, the pace of Strategic Petroleum Reserve releases, and any FSA notice on the USDA harvest fuel program.

Let’s Build Your Energy Plan

Fuel, pumping power and input costs all run through the same budget. We can walk your operation, look at your rate schedule and pump efficiency, and time your buys around what the market is actually doing. Reach out any time.

Fuel Buying Strategy Pumping Cost Review Custom Blends Soil & Water Analysis

(559) 816-3889

bryan@bmelloag.com

Call or Email →

We watch the world markets so you can stay focused on the ground under your boots. Every Monday morning, you’ll know what fuel and power did last week, and what we think they’ll do next.

Proudly American · Rooted in the American Dream

Bryan Mello

B Mello Ag Services, Central Valley, California

B Mello Ag Services · Central Valley, CA

Weekly Energy Update · Week 44 · Published Monday, October 26, 2026

Every issue we have ever published is free at bmelloag.com/reports, field conditions, ag crime, markets, fuel and fishing.

(559) 816-3889 · bryan@bmelloag.com

This Weekly Energy Update is provided for informational and educational purposes only. Fuel, power and commodity prices are sourced from publicly available market and industry reports as of the publication date and are subject to rapid change; figures are approximate and forward-looking statements reflect our current market view, not a guarantee. Retail averages will differ from your rack, cardlock or contract pricing. Pumping efficiency figures are engineering estimates based on standard formulas and house assumptions; your own tariff, engine curve, lift and water quality will change the result. This publication does not constitute financial, legal, or agronomic advice. Always consult a licensed commodity broker before making marketing or hedging decisions and a licensed PCA/CCA before making agronomic decisions. B Mello Ag Services assumes no liability for decisions made based on information in this publication.

Data sources: AAA Fuel Prices California statewide and metro averages as of October 25, 2026, including recorded highs; U.S. Energy Information Administration weekly retail gasoline and diesel price survey for the week of October 19, 2026 (next release Monday, October 26, 2026), including the U.S., West Coast PADD 5, West Coast less California and California series; EIA Weekly Petroleum Status Report tables for the week ending October 16, 2026 as reported October 21 (next release Wednesday, October 28, 2026); EIA weekly spot price series for the week ending October 16, 2026 and daily series through October 20, 2026 (next weekly release October 28, 2026), including Los Angeles ultra-low-sulfur diesel, Los Angeles gasoline and Mont Belvieu propane; Reuters reporting of October 23, 2026 as carried by Wana and FinanceFeeds, and The Rio Times, for ICE Brent and NYMEX WTI settlements for Friday, October 23, 2026; Trading Economics natural gas and propane quotations and storage commentary as of October 23, 2026; Rigzone of October 21, 2026 on the EIA October Short-Term Energy Outlook; American Gas Association market indicators of October 16, 2026; Contra Costa News of October 23, 2026 carrying AAA commentary; Hoodline reporting of October 6, 2026 on Governor Newsom’s winter-blend order; TruckingInfo reporting of October 20, 2026 (updated October 22) on diesel prices, the Strategic Petroleum Reserve and ATA commentary; Fox 9 reporting of October 20, 2026 on the USDA harvest fuel relief program; Energy News Beat reporting of October 24, 2026 on PG&E third-quarter results, rates and the Wildfire Fund charge; FreshPlaza of October 13, 2026 on the almond harvest; OPIS reporting of July 31, 2026 on the LCFS credit price; Carbon Herald and CARB reporting on the August 2026 cap-and-invest auction; California Department of Tax and Fee Administration motor vehicle fuel and diesel excise tax rates; PG&E agricultural electric rate schedules AG-A, AG-B, AG-C and TOU-PA, the summer/winter season tariff and the pending 2027–2030 General Rate Case at the CPUC, as reported by Agri-Pulse.

Cell: (559) 816-3889

You are receiving this because you opted in at B Mello Ag Services.
Update your preferences • Unsubscribe from this list •