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The DOE/EIA weekly average retail diesel price fell 2.5 cents to $3.838 a gallon, the 14th decline in 18 weeks. Traders have concluded that a cold winter will not lift prices, and warmer-than-usual temperatures are forecast for much of the US.
Weak diesel prices lower fuel surcharges and transport costs for feed deliveries. The trend points to continued softness in the benchmark.
freightwaves.comJohn KingstonJan 23, 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.
