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US gasoline prices fell after West Coast refinery outages subsided and seasonal demand dropped, following a weeks-long rebound. US diesel prices rose over the prior two weeks on strong global demand, low inventories and French refinery strikes.
Diesel is diverging from gasoline because of tight distillate supply, so diesel-linked costs for feed transport and farm operations stay firm. Gasoline declines do not carry over to diesel.
reuters.comLaura SanicolaOct 19, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
