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The DOE/EIA weekly retail diesel average fell 15.8 cents to $4.596 a gallon, the third straight week of double-digit declines. Futures and wholesale prices had fallen earlier and have since climbed off their lows.
The retail-to-wholesale spread has widened sharply.
Retail diesel is catching down to earlier wholesale declines, so fuel surcharge benchmarks for feed transport keep falling. The wide retail spread suggests further pump price declines are likely even as futures firm.
freightwaves.comJohn KingstonDec 19, 2022Not 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.
