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The benchmark US diesel price used for most fuel surcharges rose 0.5 cents to $3.544 per gallon, its second straight weekly increase after ten weeks of declines. CME ULSD settled at $2.1318 per gallon, and oil markets were largely unmoved by intensifying Israel-Hezbollah fighting because no oil output was at risk.
Diesel futures and retail benchmarks are holding in a narrow range, so fuel surcharges for feed trucking stay roughly flat, and bearish supply news keeps upward pressure limited.
freightwaves.comJohn KingstonSep 30, 2024Not 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.
