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The EIA national average on-highway diesel fell 4.7 cents to $4.59 a gallon in the week ending September 25, the first decline in 11 weeks. California remains above $6 a gallon, and the Gulf Coast saw the largest regional drop.
Lower retail diesel eases trucking cost pressure on feed deliveries, though West Coast prices remain very high.
overdriveonline.comOverdrive StaffSep 26, 2023After 86 past bearish report events, DIESEL moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
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.
