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US retail diesel prices fell to $3.789 a gallon, the lowest since July 2023, after six straight weekly declines. CME ULSD futures settled at $2.4871, with physical markets weakening faster than futures amid a global supply glut.
Persistent weakness in physical diesel and retail pump prices lowers fuel and freight costs for feed buyers, with the supply glut suggesting limited near-term support.
ladingcargo.comMay 21, 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.
