Diesel Prices Drop (a little)

Diesel is still 40 cents more than it was this time last, year, but the U.S. average retail price of diesel fell 1.6 cents to $2.786 a gallon last week. eia.gov/petroleum/gasdiesel

 

Crude oil prices remained basically unchanged near the $50 per barrel mark.

eia.gov/petroleum/

 

However, Reuters is reporting hedge funds are betting on a shortage of refined fuel, which will drive prices up.

 

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