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US diesel and gasoline prices kept falling in late August, with the EIA diesel average at $3.651 a gallon on August 26 after a seventh weekly decline. Diesel refinery premiums have returned to around $20 a barrel, near pre-pandemic levels.
Crude oil was about $5 a barrel lower in August than in July.
Normalizing refining margins and lower crude reduce energy and transport costs across the feed supply chain. The trend points to continued softness in fuel-linked costs unless crude rebounds.
fleetowner.comAlex KeenanAug 27, 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.
