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The EIA weekly retail diesel price rose 2 cents to $2.716 a gallon, the 12th straight weekly increase. Wholesale ULSD was nearly flat, and WTI settled at $52.70 a barrel.
Distillate inventories rose over recent weeks.
Higher diesel raises on-farm and freight costs for feed buyers, while the flat wholesale price and rising inventories signal limited near-term upward pressure on energy costs.
freightwaves.comJohn KingstonJan 25, 2021Not 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.
