Diesel surging on cold weather, more increases in DOE/EIA benchmark loom

An oil market that was the friend of consumers for much of the fourth quarter has now turned to be a serious headwind, with the futures price of ultra low sulfur diesel settling Tuesday at its second-highest price in almost two years. The rising price of diesel futures, even before the latest surge in recent days, was reflected in the Department of Energy/Energy Information Administration average weekly retail diesel price. It rose for the second consecutive week, published Tuesday but effective Monday, j ...