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The EIA average retail diesel price fell 1.5 cents to $3.521 a gallon, the lowest since October 2021. ULSD futures moved within their recent range, and the article links the decline partly to a strengthening US dollar.
A stronger dollar pressures dollar-priced energy and, by extension, fuel and freight costs, supporting lower diesel prices for feed transport.
freightwaves.comJohn KingstonNov 12, 2024Not 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.
