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Diesel prices fell to their biggest two-week drop since spring, with the EIA retail average down 4.6 cents to $3.665 per gallon. ULSD futures fell more than 23 cents from a recent high as analysts projected significant oversupply.
Expected oversupply in diesel points to lower fuel and freight costs for feed buyers. Any new sanctions or geopolitical shocks would need to be large to reverse the trend.
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.