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The US average retail diesel price fell 2.1 cents to $3.317 a gallon on Nov. 13, the fourth straight weekly decline.
WTI crude hit an 11-month low as investors weighed softer demand, building supplies and geopolitical tensions.
Lower crude and diesel costs reduce fuel and freight expenses for feed mills and trucking-dependent supply chains. The decline reflects weaker crude prices rather than any feed-specific supply change.
ttnews.comRoger GilroyNov 13, 2018Not 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.
WTI hit an 11-month low on softer demand and building supplies on Nov 13, the same day as the ULSD drop, which points to crude-driven weakness feeding through to diesel.
