# Diesel prices primed to rise sharply in 2024 | Reuters

> Diesel, heating oil and gas oil inventories in January were below the prior ten-year seasonal average across North America, Europe and Singapore. That shortfall has begun to exert upward pressure on fuel prices. The article projects a sharp rise in diesel prices during 2024.

- Date: 2024-02-06 · published 2024-02-06T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31857-diesel-prices-primed-to-rise-sharply-in-2024-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Low distillate stocks across major regions raise the likelihood of higher diesel costs for farm freight and feed delivery. Global tightness could persist through the spring season.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/europe/diesel-prices-primed-rise-sharply-2024-2024-02-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.