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The DOE/EIA benchmark diesel price rose 1.3 cents to $3.539 a gallon, ending 10 straight weekly declines. The increase followed a futures rebound that had lifted ULSD about 9 cents in four sessions before easing.
The first weekly retail diesel rise after a long slide signals a possible floor in fuel costs, which affects hauling costs for feed delivery.
freightwaves.comJohn KingstonSep 23, 2024After 109 past bullish report events, DIESEL moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
