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US average gasoline fell to $2.85 a gallon, down 5 cents, extending a 30-day decline. The AAA release warned that higher oil prices after the OPEC and Russia production agreement could end the pump price slide.
Higher crude from the OPEC and Russia output deal raises the cost of producing fuel and moving feed. Pump price moves are a downstream signal and do not directly change grain or meal prices.
newsroom.acg.aaa.comJun 24, 2018Not 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.
