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The EIA reported the national average diesel price rose 2 cents to $3.573 a gallon for the week of October 28 after a 7.8-cent drop the prior week. WTI crude was trading at $67.79, down from $71.78 a week earlier.
Diesel and crude both trended lower over the month, which lowers fuel surcharges and transport costs for feed supply chains. The weekly move is small.
stage.logisticsmgmt.comLM StaffOct 29, 2024After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% 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.
