No blackjack: DOE/EIA diesel price streak of increases stops before 21
Twenty-week streak of increases is halted as retail diesel prices react to earlier declines in wholesale and commodity markets.
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Twenty-week streak of increases is halted as retail diesel prices react to earlier declines in wholesale and commodity markets.
Also on the podcast: Why retail diesel prices don’t drop as fast as declines in wholesale.
Some data had been suggesting a decline was likely but the survey showed a small upward movement.
Also on the podcast: Did Joe Biden help boost the price of oil?
Diesel fell less than crude oil, signaling selling of crude as a financial asset more than diesel.
Since the price started its run in November, it’s up more than 81 cents per gallon.
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For all the increase in retail prices, it went up far less than the national rise in wholesale diesel prices.
Also on the podcast the continuing surge in diesel prices.
Prices continued to rise into Friday on the news that threw conventional wisdom aside.
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