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The EIA raised its 2026-2027 US retail diesel price forecasts by 4.4% and 8.2%, to $5.07/USG and $4.40/USG, in its monthly Short Term Energy Outlook. The agency cited low inventories and strong global demand, and said distillate prices have risen sharply since late February amid a US-Iran conflict and Ukrainian drone strikes on Russian refineries.
A tighter global distillate market raises the cost of diesel for trucking and farm logistics, and higher energy costs feed into fertilizer and feed transport expenses. The forecast revision points to sustained upward pressure on diesel prices.
argusmedia.comEunice BridgesMar 25, 2024After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% 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.
