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EIA data showed retail diesel rose 2.0 cents to $2.716 a gallon for the week ended January 25, and gasoline rose 1.3 cents to $2.392. Diesel has now risen for 12 weeks, though futures are moving more cautiously.
COVID-19 demand destruction has not been fully reversed.
Rising retail diesel adds to freight and operating costs for feed buyers, but slowing futures momentum suggests the upward pressure may ease.
fuelsmarketnews.comKeith ReidJan 28, 2021Not 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.
