In New York state, heating oil futures have reversed their weak trend during the last several days and are instead following crude oil prices higher in part due to a wildfire raging near Canadian oil sand areas. Those higher prices are in turn supporting biodiesel prices to a 14-month high in the Midwest and Gulf Coast regions. On Tuesday, Gulf Coast biodiesel prices were heard at $3.2975 per gallon while Midwest prices were higher at 3.3775 per gallon.
Category: Fuels