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The EIA reported that the national average diesel price declined for a seventh consecutive week to $3.487 a gallon for the week of May 26. WTI crude was trading at $61.76 a barrel, slightly lower than a week earlier.
A sustained run of weekly declines points to lower trucking and logistics costs for feed. The price path reflects softer crude and distillate markets.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
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.