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Prompt NYMEX diesel averaged $2.39 a gallon in June, more than 20% below December 2022's average. Analysts say low inventories have not caused sustained shortages, and prompt ULSD settled at $2.5514 on June 16.
Diesel prices are reverting from 2022 highs, lowering freight and feed transport costs. Analysts warn tighter cracks could return if crude rallies in the second half.
hedgestar.comMegan MilewskyJun 27, 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.
