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The US Energy Department's Short-Term Energy Outlook projects average on-highway diesel at $2.95 per gallon in 2018 and $3.01 in 2019. That is an 11.2% rise over 2017 for this year, but a smaller increase than the 14.8% jump seen in 2017.
A forecast of higher diesel costs raises freight and fuel expenses for feed delivery and trucking. Prices are expected to stay relatively stable, so the cost impact is moderate.
tanktransport.comNeal HightowerMar 13, 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.
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.
