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The EIA weekly retail diesel average fell 7.8 cents to $3.553 a gallon, its largest one-week decline this year. ULSD futures rose slightly on speculation about Iran-Israel conflict, but the broader market reflected weaker supply and demand.
Falling retail diesel reduces freight and fuel surcharge costs for feed ingredient logistics. The move was driven by futures unwinding war premiums.
freightwaves.comJohn KingstonOct 21, 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.
