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The EIA benchmark US retail diesel price fell 3.9 cents to $4.077 a gallon, down in 21 of the past 26 weeks. CME ULSD futures settled at $2.531 a gallon after a low on Friday.
Continued declines in diesel and the narrowing Brent-ULSD spread lower fuel surcharges and transport costs for feed buyers, reflecting weaker oil and distillate demand.
freightwaves.comJohn KingstonApr 24, 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.
