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The EIA retail diesel price rose 1.2 cents to $3.677 a gallon, the third straight weekly gain and about 20 cents above late December. Futures have been volatile intraday but have largely offset themselves.
Traders are awaiting possible US tariffs on Canadian crude.
A slow upward creep in diesel adds to hauling and processing costs, while potential tariffs on Canadian oil could tighten supply and lift prices further. Both factors are modest for now.
freightwaves.comJohn KingstonFeb 18, 2025Not enough comparable past events yet for a historical read.
Not 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.
