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The average U.S. on-highway diesel price rose 2.4 cents to $2.556 per gallon, ending three weekly declines, according to Energy Department data. Prices rose in all major regions, with the Gulf Coast posting the largest gain.
Crude prices were slightly lower on new Libyan output of about 700,000 barrels per day.
Diesel is up 44.1 cents year on year, which raises hauling and farm input costs for feed buyers. Libyan supply growth and OPEC uncertainty point to limited near-term upside in crude and diesel.
truckinginfo.comApr 3, 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.
