Loading…
The benchmark diesel price used for most fuel surcharges rose by its largest amount since June, with the EIA retail average up 5.8 cents to $3.561/gal. The increase followed several days of gains in CME ULSD futures, which rose from $2.2053 to around $2.36/gal.
Retail prices are lagging the futures move.
Rising diesel benchmarks increase fuel surcharges and hauling costs for feed ingredients. The move reflects futures momentum rather than a new supply shock.
freightwaves.comJohn KingstonJan 6, 2025Not 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.
