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The US average retail diesel price rose 3.2 cents to $3.028 per gallon, its highest level in three years. It was the fourth consecutive weekly increase, with six regions averaging above $3 per gallon.
Gasoline also climbed.
Sustained retail diesel gains raise trucking and feed delivery costs and signal firm distillate demand. Freight-linked costs for feed buyers are likely to stay elevated.
ttnews.comRoger GilroyJan 16, 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.
