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The DOE/EIA benchmark diesel price fell 5.7 cents to $4.128 a gallon, its eighth straight weekly decline and close to the $4.104 level set just after Russia's invasion of Ukraine. Diesel futures had been quiet but rose on Monday on new bullish developments abroad.
Lower retail diesel lowers trucking and farm fuel costs and feeds into freight surcharges, while the futures bounce hints that the decline may be pausing.
freightwaves.comJohn KingstonMar 27, 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.
