◂ Event Timeline

Jun 27, 2023REPORTUS

National diesel average falls, for the week of June 26, reports EIA

The EIA national average diesel price fell 1.4 cents to $3.801 for the week of June 26, the ninth straight weekly drop below $4.00. WTI crude was at $68.91 a barrel.

WHY IT MATTERS

Lower retail diesel reduces trucking and surcharge costs for feed deliveries. The trend is routine and reflects the broader decline in fuel prices.

AFFECTSULSD / Diesel▼

SOURCE
stage.logisticsmgmt.comLM StaffJun 27, 2023

Price reaction & history

ULSD / Diesel▼bearishSO FAR1d -1.7%5d -2.5%20d +13.0%

After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.

Nov 1, 2022National diesel average falls for the first time in four weeks, reports EIA - Logistics Management-6.1%
Jun 4, 2019National diesel average falls for third time in four weeks, reports EIA - Logistics Management+0.0%
Sep 26, 2023National weekly diesel average falls for first time in nine weeks, reports EIA - Logistics Management-0.1%
Aug 6, 2019Diesel average falls for the fourth straight week, reports EIA - Logistics Management-1.6%
Dec 14, 2021National diesel average is down for the fourth straight week, reports EIA - Logistics Management-2.5%

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.

ULSD / Diesel DIESEL · GP ▸

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