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The EIA weekly average US retail diesel price fell 7.5 cents to $4.889 a gallon, its 13th decline in 14 weeks and the lowest benchmark since March 7. CME ULSD futures also settled at their lowest since mid-March, at $3.1291 a gallon.
Lower diesel benchmarks reduce freight and fuel surcharge costs for feed transport and mill operations. The stronger US dollar is adding downward pressure on dollar-denominated energy prices.
freightwaves.comJohn KingstonSep 26, 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.
