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The benchmark retail diesel price fell 0.3 cents to $3.794, the smallest decline in a streak that has cut 82.8 cents since January 30. ULSD futures closed at $2.3091 after Brent fell to $71.84, and Goldman Sachs cut its year-end Brent forecast to $86.
Slowing retail declines and weaker crude suggest diesel costs are stabilizing at lower levels, easing freight costs for feed. Goldman's cut signals softer energy prices ahead.
freightwaves.comJohn KingstonJun 12, 2023Not enough comparable past events yet for a historical read.
Not 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.
