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The EIA weekly retail diesel average rose 7.7 cents to $3.735 a gallon, the first increase since early April. ULSD futures had bottomed at $2.2859 on June 4 and peaked near $2.4868 before settling at $2.4825 on Monday.
Higher diesel prices raise fuel surcharges and trucking costs for feed deliveries. Analysts see no clear fundamental driver, so the rebound may be speculative and short-lived.
freightwaves.comJohn KingstonJun 18, 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.
