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The EIA reported the national average diesel price rose 1 cent to $2.396 per gallon for the week of June 8. Gasoline climbed back above $2 per gallon for the first time since early April.
The article notes that OPEC+ agreed June 6-7 to extend oil production cuts.
Modest fuel price increases tied to OPEC+ supply curbs point to higher crude and diesel costs, though prices remain well below last year's levels.
ttnews.comDan RonanJun 8, 2020Not 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.
