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The EIA projects retail diesel will average $2.73 per gallon in 2017 and $2.84 per gallon in 2018. It expects higher crude prices and growing diesel consumption to drive the increase.
A government forecast of rising diesel prices implies higher on-farm and freight fuel costs for livestock and feed operations over the next two years.
tscra.orgWritten by: kristinJan 31, 2017After 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.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
