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The US Energy Department's Short Term Energy Outlook projects on-highway diesel averaging $2.95 per gallon in 2018 and $3.01 in 2019. Prices are expected to be higher than in 2016 but fairly stable.
Quarterly averages are forecast to dip in Q2 before rising in Q4.
The forecast signals modest year-over-year diesel increases, which matter for feed freight budgeting. A stable outlook suggests no sharp shock to transport costs.
truckinginfo.comEvan LockridgeJan 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.
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.
