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.