# Diesel prices to start edging up in 2017 - Grainews

> Diesel hit $2.53 per gallon in the week, the highest of 2016 and the fourth straight weekly increase. Analysts expect prices could reach about $2.75 next year as OPEC's production cut lifts crude from $45.23 on November 29 to $52.83 on December 23.

- Date: 2016-12-28 · published 2016-12-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher diesel and crude raise farm input and freight costs for feed buyers, and analysts expect the energy rally to support commodity prices broadly.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-02-15 | [Why diesel prices will go up - Truck News](https://feedsoft.ai/events/54762-why-diesel-prices-will-go-up-truck-news.md) | -5.1% | -38.5% |
| DIESEL | 2024-12-12 | [Global diesel prices to rely on refinery closures for support in 2025](https://feedsoft.ai/events/27158-global-diesel-prices-to-rely-on-refinery-closures-for-support-in-2025.md) | +1.1% | +12.9% |
| DIESEL | 2018-08-26 | [Why Diesel Prices Are Set To Soar](https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar.md) | +1.8% | +3.9% |
| DIESEL | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | -0.2% | +5.4% |
| DIESEL | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | -3.1% | -16.2% |
| WTI | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | +5.3% | +13.4% |
| WTI | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | +5.7% | +9.8% |
| WTI | 2023-08-14 | [US diesel prices surge anticipating a soft landing](https://feedsoft.ai/events/34771-us-diesel-prices-surge-anticipating-a-soft-landing.md) | -2.3% | +5.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/diesel-prices-to-start-edging-up-in-2017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.