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The average U.S. diesel price rose 2.4 cents to $2.556 per gallon, breaking a three-week run of declines, per EIA data. The price is 44.1 cents above the same week a year earlier.
WTI crude moved back above $50 per barrel after weeks below that level on high inventories.
A small weekly diesel increase signals modest upward pressure on trucking and freight costs for feed deliveries. Crude moving back above $50 supports the energy cost base for diesel.
stage.logisticsmgmt.comJeff BermanApr 4, 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.
