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The DOE/EIA benchmark retail diesel price fell 8.2 cents to $3.458 a gallon, its lowest since October 2021. CME ULSD futures have trended lower since early November, with only brief rallies.
Weak diesel prices lower fuel surcharges and operating costs for feed transport, while the downtrend in distillate futures reflects soft energy demand.
freightwaves.comJohn KingstonDec 9, 2024Not 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.
