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The DOE/EIA benchmark diesel price fell 9.6 cents to $3.922 a gallon, dropping below $4 for the first time since February 2022. CME ULSD futures had rebounded 14.5 cents in three sessions before that Monday.
The retail benchmark moving under $4 lowers fuel surcharges for feed haulage. The futures rebound suggests the decline may not continue at the same pace.
freightwaves.comJohn KingstonMay 8, 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.
