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The benchmark retail diesel price fell 4.8 cents to $3.828 a gallon, the 13th decline in 16 weeks. Changes to Saudi official selling price formulas triggered a futures selloff, and the trend suggests further declines.
Falling diesel benchmarks reduce fuel surcharges and trucking costs for feed buyers. Saudi pricing moves signal continued pressure on crude.
freightwaves.comJohn KingstonJan 8, 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.
