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The EIA reported the US average on-highway diesel price fell 2.8 cents to $3.855 a gallon for May 29, the sixth straight weekly decline. Prices fell in all 10 EIA regions, and WTI closed at $69.46 a barrel.
Lower diesel costs reduce freight and fuel surcharges for feed deliveries, easing delivered feed costs for buyers. The decline tracks softer crude prices.
ttnews.comDan RonanMay 31, 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.
