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EIA data show U.S. gasoline and diesel retail prices rose for a second week, with diesel up 0.7 cents to $3.243 per gallon for the week ended July 9, 2018. Diesel rose in all PADDs.
A Syncrude outage in Canada removed 350 kbpd, with partial restoration planned.
Higher crude prices and a Canadian supply outage are pushing diesel costs up, which raises transport and feed delivery costs for buyers.
fuelsmarketnews.comDr. Nancy YamaguchiJul 10, 2018After 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.
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.
