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The national average US gas price rose six cents in one week to $2.33 as of Feb 19, the largest weekly increase of 2019. Refinery problems and rising exports kept inventories low, while crude prices reached their highest level of the year.
AAA expected tight inventories to keep prices elevated through month end.
Refinery outages and tight crude and product inventories point to firmer energy costs in the US. Higher fuel prices raise transport and processing costs for feed, though the effect on grain and meal prices is modest.
newsroom.aaa.comAAA Public AffairsFeb 19, 2019After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
