U.S. Diesel Market Tightness Raises Inflation Concerns
-
U.S. manufacturing contraction slowed in September, potentially boosting diesel demand and inflation concerns.
-
With diesel inventories below 5-year average, U.S. diesel market faces tightness ahead of winter.
-
Diesel prices up over past month amid higher oil prices and lower inventories.
-
Northeast heating oil inventories near 5-year lows ahead of winter heating season.
-
Higher diesel prices could raise logistics costs and consumer prices, complicating Fed's inflation fight.
![](https://d32r1sh890xpii.cloudfront.net/article/718x300/2023-10-06_mbeqwicq1h.jpg)