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The EIA reported that US retail gasoline fell 3.3 cents and diesel fell 2.7 cents in the week ended January 20. Diesel futures had dropped 3.9 percent the prior week on easing geopolitical risk and oversupply concerns.
Retail fuel declines reflect the futures weakness and point to lower near-term transport costs. The move is incremental and mostly confirms an existing trend.
fuelsmarketnews.comDr. Nancy YamaguchiJan 23, 2020Not 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.
