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The DOE/EIA benchmark diesel price fell 1.4 cents to $3.883 a gallon on May 22, the lowest since January 2022. US ULSD inventories were 95.6 million barrels, about level with a year earlier.
Diesel benchmark declines lower trucking surcharges for feed delivery. Inventories near last year's levels limit how far prices can fall.
freightwaves.comJohn KingstonMay 22, 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.
