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The DOE/EIA benchmark diesel price rose 9.3 cents to $4.633 a gallon, the highest since December, even as ULSD futures fell sharply over two days. Futures are down 19.3 cents in two sessions, the largest two-day drop since January, as the crude-diesel spread narrowed.
Retail fuel surcharges lag futures, so the divergence points to continued surcharge pressure even as wholesale diesel softens.
freightwaves.comJohn KingstonSep 18, 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.
