◂ Event Timeline

Sep 26, 2023REPORTUS

National weekly diesel average falls for first time in nine weeks, reports EIA

The EIA reported the national average diesel price fell 4.7 cents to $4.586 a gallon for the week of September 25, ending nine straight weeks of increases. The average remains 30.3 cents below a year earlier.

WHY IT MATTERS

The first weekly retail decline signals some easing in fuel surcharges, though prices remain elevated relative to the year-ago level.

AFFECTSULSD / Diesel▼

SOURCE
stage.logisticsmgmt.comLM StaffSep 26, 2023

Price reaction & history

ULSD / Diesel▼bearishSO FAR1d -0.8%5d -0.1%20d -3.9%

After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.

Nov 1, 2022National diesel average falls for the first time in four weeks, reports EIA - Logistics Management-6.1%
Jun 4, 2019National diesel average falls for third time in four weeks, reports EIA - Logistics Management+0.0%
Jun 27, 2023National diesel average falls, for the week of June 26, reports EIA - Logistics Management-2.5%
Oct 24, 2018Diesel average declines for the first time in nine weeks, according to EIA data - Logistics Management+0.6%
Nov 27, 2018National diesel average drops for sixth straight week, reports EIA - Logistics Management-0.1%

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.

ULSD / Diesel DIESEL · GP ▸

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