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The EIA reported that the U.S. national average diesel price fell 1.2 cents to $3.151 a gallon in the latest week. It was the second drop in three weeks and the 15th straight week above $3 per gallon.
WTI was trading at $57.87 a barrel.
A modest decline in retail diesel reduces transport and grain handling costs for feed operations. Prices remain elevated, so fuel costs stay a meaningful input.
stage.logisticsmgmt.comLM StaffMay 29, 2019
supplychain247.comLM StaffMay 29, 2019After 171 past bearish report events, WTI moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 86 past bearish report events, DIESEL moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
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.
