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The DOE/EIA benchmark diesel price fell 2.8 cents to $3.855 on May 30, the 16th decline in 17 weeks. CME ULSD settled at $2.2808 a gallon, its lowest since early May, as oil markets fell on debt-ceiling uncertainty.
Falling diesel futures point to lower fuel surcharges for feed trucking. Broader crude weakness could continue to weigh on diesel costs.
freightwaves.comJohn KingstonMay 30, 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.
