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The DOE/EIA retail diesel benchmark fell for a ninth straight week to $4.909 a gallon. Meanwhile ULSD futures on CME rose in nine of the previous ten sessions, reaching $3.7762, as crude and gasoline fell.
Rising futures diesel while retail falls suggests that fuel surcharges may soon turn higher. Diesel moves in turn affect feed freight costs.
freightwaves.comJohn KingstonAug 22, 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.
