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The weekly DOE/EIA average retail diesel price, the benchmark for most fuel surcharges, fell 5.1 cents a gallon in its latest posting. The drop followed a 21-cent jump two weeks earlier and an unchanged week.
Brent has traded in a tight range above $81 a barrel since February 9.
Diesel is a major input cost for feed delivery and grain hauling, so a small decline eases transport costs modestly. The recent calm suggests fuel-driven freight pressure is easing for now.
freightwaves.comJohn KingstonFeb 26, 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.
