The Energy Information Administration is still dealing with technical issues and won’t be releasing — but will be gathering — its weekly benchmark diesel price.
Oil prices fell hard on Friday, but longer term, a key oil forecasting agency sees structural issues that are boosting diesel prices.
The national average benchmark diesel price was down, but the East Coast price was down by a smaller amount.
The key price used for diesel fuel surcharges declined, but the signals on the East Coast diesel squeeze remain.
Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.
The tight diesel market on the East Coast has lifted retail prices in that region far above the rest of the country.
The East Coast diesel market is getting tighter. Prices are rising, particularly for buyers demanding fuel for the fastest delivery time.
The benchmark DOE/EIA retail diesel price is at its all-time high after an almost 35-cent increase in the number since last week.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
Diesel futures on the CME commodity exchange soared Monday even as crude prices fell, suggesting that the market is headed into a significant squeeze.
