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The DOE/EIA average retail diesel price fell 9.5 cents to $4.444 per gallon, extending declines that have followed futures and wholesale prices lower. Retail margins over wholesale remain well above historic norms.
Falling pump prices lower trucking and farm fuel costs, but the wide retail-wholesale spread suggests further retail softening is possible, a mild bearish signal for diesel-linked logistics costs.
freightwaves.comJohn KingstonFeb 13, 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.
