Wholesale Increase May Lift Diesel Price
Diesel customers got a Christmas present in the form of a fourth consecutive drop in the retail price, but it won’t last as long as the leftover turkey.
“It’s possible we’ll see a price spike in the next 10 days” Tom Kloza, editorial director of the the Oil Price Information Service, said late last week. “The question is, will it be orderly, or will it be a wacky spike like last January?”
For the full story, see the Jan. 1 print edition of Transport Topics. Subscribe today.
The Dec. 25 retail price averaged $1.515 per gallon, a 13-cent drop since Nov. 27, said the Energy Information Administraton. The next day saw the wholesale price shoot up 5 cents.
The retail price is sure to follow, according to analysts.
 |  |
