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The EIA weekly diesel average rose 2.1 cents to $3.815 after eight straight declines, following a week when ULSD futures surged. Bulls and bears debated whether prices would keep falling.
Retail diesel reacts with a lag to futures, so the modest rise may signal a floor, but the bearish outlook still dominates for fuel surcharges and feed freight.
freightwaves.comJohn KingstonJun 20, 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.
