Cold Weather Pushes Diesel Price Up!

The U.S. average retail price of diesel jumped 7 cent to $2.97, because of this frigid weather now the price nearly a 3 year high.

The 7 cent jump was the highest since November 6th, when diesel rose 6.3 cents a gallon. Average price was the highest since January 12, 2015, when a gallon of diesel cost $3.05. Diesel costs 38.7 cents more than it did a year ago.

Bloombergy news reported december 29th, bullish position on diesel rose by 26% to a record as the cold snap boosted heating demand. To read more about diesel pricing and when they will drop again, copy and paste link below.

http://www.ttnews.com/articles/frigid-weather-pushes-diesel-7c-2973-gallon?utm_source=thisweek&utm_medium=newsletter&utm_campaign=newsletter

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