Diesel Up Another 2 Cents
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OPEC agreed last week to boost production by 800,000 barrels a day, but many analysts say it is too little too late and will not be refined in time to forestall a heating oil crisis that would likely also send diesel prices skyward.
News that the SPR option was being studied sent crude prices on the New York Mercantile Exchange down from 10-year highs approaching $36 a barrel.
For the full story, see the Sept. 18 print edition of Transport Topics. .