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The US average retail diesel price rose 1.6 cents to $3.086 a gallon, the fourth straight week above $3, while crude slipped below $64 a barrel. Diesel increased in every region, most in New England and California, according to the EIA.
Retail diesel reflects wholesale costs and affects trucking and feed delivery expenses. With crude weakening, the small retail rise points to limited near-term upward pressure on fuel-linked feed costs.
ttnews.comRoger GilroyFeb 5, 2018After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
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.
