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The U.S. average retail diesel price rose 0.2 cent to $2.903 a gallon for the week beginning December 25, according to the Department of Energy. WTI crude climbed above $59 a barrel, its highest since June 2015, as forecasts pointed to tighter supplies.
The EIA said the distillate market is increasingly tight, making ULSD price increases more likely this winter.
Higher crude and tight distillate stocks lift trucking and farm fuel costs, and they add to the energy input costs that feed and biofuel margins rely on. Continued OPEC-led supply restraint keeps upward pressure on diesel prices.
ttnews.comRoger GilroyDec 26, 2017Not enough comparable past events yet for a historical read.
Not 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.
