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The US benchmark retail diesel price fell 1.4 cents to $3.801 a gallon, its 19th decline in 21 weeks. ULSD futures rose to a $2.4388 settlement on Monday, lifted partly by a weekend upheaval in Russia, though Reuters sources reported no supply interruptions.
Diesel is a key freight cost for feed delivery, and retail declines lower surcharges, though firmer futures signal the downtrend may be stalling. Muted reaction to Russian turmoil suggests limited near-term price premium.
freightwaves.comJohn KingstonJun 26, 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.
