Cold Front, Hot Stocks: Diesel Prices Propel Energy Leaders

Multiple factors, including forecasts for an extremely cold winter and rising natural gas prices, are driving a surge in diesel prices. The Department of Energy/Energy Information Administration (DOE/EIA) reported a $0.027 increase in the average retail diesel price, reaching $3.503 a gallon to close out 2024. This jump coincides with a rise in ultra-low sulfur diesel (ULSD) futures, which climbed $0.055 a gallon to settle at $2.2995, marking a 2.44% gain and the highest settlement since November 5th.  Natu ...