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The DOE/EIA benchmark retail diesel price held at $4.109 a gallon, unchanged from the prior week. ULSD futures had spiked and then slid back to roughly the level of two weeks earlier.
The stability masked considerable movement in the futures market.
Flat retail diesel prices mean fuel surcharges are not rising, which keeps near-term freight costs steady. Futures volatility still signals risk of further swings.
freightwaves.comJohn KingstonFeb 20, 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.
