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US retail diesel rose about 20 cents in two days to $3.929 per gallon, up 31 cents from a year earlier. NYMEX heating oil futures were near $3.26 per gallon, up roughly 68 cents from the prior Friday, as the Strait of Hormuz closure disrupted refined product flows.
Higher diesel costs ahead of spring planting raise farm operating and feed transport costs, and the analyst expects further upside in fuel prices.
agweb.comMar 4, 2026After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
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.
