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The US average retail diesel price fell 1.5 cents to $2.564 a gallon on March 13, its first decline after three weekly increases. WTI crude closed at $48.40 a barrel, down from $53.20 a week earlier, as OPEC-led production cuts were offset by rising US shale output and rig counts.
Lower crude and diesel costs reduce farm and freight fuel expenses, which eases pressure on feed production and delivery costs. Continued rig growth signals that the OPEC cuts may not hold crude prices up.
ttnews.comMar 13, 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.
