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The EIA forecasts a national average retail gasoline price of $2.38 per gallon in 2017, up from $2.15 in 2016, ending a multi-year decline. Logistics firms are monitoring the rise because fuel surcharges and driver costs are affected.
Expected higher gasoline prices raise fuel and delivery costs for distributors serving feed and livestock customers, a minor bullish input for transport costs.
therepublic.comStaff ReportsJan 29, 2017After 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.
