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The EIA weekly average US retail diesel price fell 5.6 cents to $3.659 per gallon, the first decline in five weeks, as oil prices eased. The move followed Trump's call for OPEC to lower oil prices.
Lower retail diesel reduces freight and fuel costs for feed mills and haulers, and softens the energy-linked cost base for feed ingredients. Uncertainty over whether OPEC will respond limits how far prices may fall.
freightwaves.comJohn KingstonJan 27, 2025Not 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.
