Loading…
The EIA Short-Term Energy Outlook raised its diesel and gasoline price forecasts, projecting Q2 diesel at $3.13 and a 2018 average of $3.12 a gallon. The revisions were attributed mainly to higher expected crude prices.
A higher official forecast signals expected persistent energy cost increases for farm and feed transport. It reinforces upward pressure on fuel-linked costs.
truckinginfo.comEvan LockridgeMay 9, 2018After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
