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The DOE/EIA weekly benchmark retail diesel price rose 21 cents to $4.109 a gallon, its largest jump since late July. ULSD futures climbed about 30 cents between February 2 and February 9 before partly reversing.
Spot physical markets saw especially sharp moves.
A jump in the fuel surcharge benchmark raises hauling costs for feed and grain shipments. Volatility in futures and wholesale markets is feeding through to pump prices.
freightwaves.comJohn KingstonFeb 12, 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.
