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The US average retail diesel price fell 1.4 cents to $3.380 a gallon, the first decline since August 20, as crude prices fell and US inventories expanded. Distillate demand for the week ending October 19 was 4.07 million barrels a day, down from 4.14 million the prior week but up 7% year on year.
Lower diesel and crude prices ease fuel costs for trucking and grain logistics, while the analyst's view of tight diesel supply ahead of IMO 2020 suggests limited downside for distillates.
ttnews.comRoger GilroyOct 22, 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.
