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The DOE/EIA average retail diesel price fell 1.1 cents to $3.768 a gallon, the third straight weekly decline after four increases. ULSD futures settled at $2.375 a gallon on Monday, the lowest since June 7 and about 26 cents below the July 3 high.
Benchmark diesel drives most fuel surcharges, so lower futures should ease freight and feed transport costs for buyers. Weak inventory draws point to continued softness in diesel prices.
freightwaves.comJohn KingstonJul 29, 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.
