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GasBuddy's Dan McTeague told the Washington Ag Network that oil prices have fallen about 10% since April 11 and appear to have stalled. He expects crude to stay below $50 a barrel for WTI and Brent, and he does not expect OPEC's recent moves to have much impact.
Diesel averages in Washington and Oregon held steady or moved slightly in the past week.
A stall in crude prices after a sharp drop suggests limited near-term downside for diesel and freight costs. Feed buyers should expect fuel costs to remain near current levels rather than falling further.
pnwag.netGlenn VaagenMay 2, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
