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EIA data showed the US average retail diesel price fell for an eighth straight week to $4.668 a gallon, down 97.2 cents from May 4. Futures have risen relative to crude, widening the crack spread to about $1.59 a gallon in SONAR data.
Falling retail diesel lowers fuel surcharges for feed freight, but rising futures versus crude point to firmer wholesale diesel and possible reversal ahead.
Not 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.