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Front-month ULSD futures for New York Harbor have halved to about $105 per barrel from $198 at the end of May 2022, after inflation adjustment. Fears of a US diesel shortage have eased.
Lower diesel prices reduce freight and fuel costs for feed ingredient logistics, while easing supply concerns point to a looser distillate market.
reuters.comJohn KempApr 21, 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.
