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Heating oil futures settled near 3.5-year highs, at $2.2577 per gallon, up 27% year on year. US retail diesel averaged $3.258 per gallon, and the EIA forecasts 2018 and 2019 averages of $3.17 and $3.18.
Traders expect winter heating and holiday trucking demand to support further gains.
Seasonal demand and a supply deficit in distillates point to continued diesel price strength, raising the cost of moving feed and grain.
ca.investing.comSep 13, 2018Not 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.
