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The DOE/EIA diesel benchmark fell 2.5 cents to $3.897 a gallon on May 15, its 14th decline in 15 weeks. Physical ULSD differentials in the US Midwest have risen sharply as inventories tighten.
Tightening Midwest diesel supply could slow the retail decline and raise freight costs for feed mills. Spot strength may precede higher surcharges.
freightwaves.comJohn KingstonMay 15, 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.
