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Futures-based price forecasts for non-taxable diesel fuel

The following graph and table represent monthly forecasted prices for off-road (i.e., farm) diesel based on the crude oil futures markets, respectively.

The forecasted prices are based on the November 30, 2007 futures contract closing prices for crude oil, as traded on the New York Mercantile Exchange (NYMEX). Crude oil contracts are for 1,000 barrels. The actual prices for diesel fuel ($/gallon) are monthly average bulk delivered prices in southwest Kansas.

The following graph and table represent monthly forecasted prices for off-road (i.e., farm) diesel based on the crude oil futures markets, respectively.

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