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FreightWaves reports the DOE/EIA benchmark retail diesel price rose 0.2 cents to $5.341/gal in a week when wholesale prices fell. The CME ULSD futures contract settled at $3.9201/gal after mixed daily moves.
The article describes conflicting signals from natural gas, inventories and futures.
Retail fuel surcharges track the benchmark, so the week's flat reading leaves freight costs for feed deliveries roughly unchanged. Mixed wholesale signals suggest near-term volatility rather than a clear trend.
freightwaves.comJohn KingstonOct 24, 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.
