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The DOE/EIA benchmark diesel price fell 10.5 cents to $3.987 a gallon, the eighth decline in ten weeks. ULSD futures had rebounded about 6 cents over the prior two sessions, while physical US spreads were falling.
Falling physical diesel spreads suggest further retail declines ahead, which would ease fuel surcharges on feed deliveries.
freightwaves.comJohn KingstonDec 11, 2023Not 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.
