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The US average retail diesel price rose 7 cents to $2.973 per gallon, nearly a three-year high. Bitter cold across much of the country lifted demand for distillate fuel, including heating oil and ultra-low-sulfur diesel.
Regional diesel prices rose in all areas.
Cold-driven heating demand tightens distillate supply and lifts diesel costs for feed transport and farm operations. Higher fuel costs add to feed delivery and grain freight expenses.
ttnews.comRoger GilroyJan 2, 2018After 39 past bullish weather events, DIESEL moved a median +2.4% over 5 sessions (59% higher; middle half -4.5% to +6.1%), and +8.9% 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.
