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The EIA average diesel price rose 8.6 cents to $4.475 per gallon in the week of Aug. 28, more than 66 cents above July 24 levels.
An Aug. 25 fire at the Garyville, Louisiana refinery partly shut the plant, pushing NY diesel futures to a seven-month high.
Two other large refineries are scheduled for maintenance shutdowns.
Refinery outages and planned maintenance tighten distillate supply heading into autumn, which keeps trucking and grain freight costs elevated for feed buyers. Additional outages would extend the upward pressure.
fleetowner.comScott AchelpohlAug 29, 2023Not 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.
