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The US average diesel price fell 5.7 cents to $4.128 a gallon for the week of March 27, the eighth straight weekly drop, and is down almost 50 cents since late January. Diesel is lower in three regions, and analysts link the slide to multiyear-low oil prices tied to the banking crisis and to weaker demand.
Falling diesel reduces trucking and grain-transport fuel costs, but analysts read it as a sign of slowing demand that could weigh on freight activity.
fleetowner.comScott AchelpohlMar 28, 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.
