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The US retail diesel benchmark used for most fuel surcharges fell for the seventh time in eight weeks, down about 34 cents a gallon over that span. CME ULSD futures rose over the same few days after earlier losses.
Lower pump prices reduce trucking and fuel surcharge costs for feed deliveries, while the futures rebound suggests the decline may be pausing.
freightwaves.comJohn KingstonNov 13, 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.
