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The EIA benchmark retail diesel price fell 9.2 cents to $5.141 per gallon, the largest one-week drop since August. The CME ULSD futures contract also declined, now about 78 cents below its early-November high.
Falling futures and retail diesel prices point to lower fuel surcharges for hauling feed ingredients. The price implication is bearish for diesel.
freightwaves.comJohn KingstonNov 28, 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.
