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The DOE/EIA benchmark retail diesel price fell 21.3 cents to $4.754 a gallon, the second-largest weekly drop in the series history. The price is at its lowest since March 7 and is down 58.4 cents from the Oct.
24 high. Retail prices are lagging a steep decline in wholesale and futures prices.
A large retail decline lowers fuel surcharges and transport costs for feed buyers. The lag between wholesale and retail prices suggests the decline will continue.
freightwaves.comJohn KingstonDec 12, 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.
