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The EIA released an on-time weekly diesel price that fell 10.7 cents to $5.558 a gallon, bringing the total decline from the June 20 high to 24.2 cents. ULSD futures on CME rose 9.52 cents that day to $3.7681 a gallon, moving independently of crude and gasoline.
Retail diesel is lagging a rebound in futures, so the benchmark may fall less than wholesale prices imply. This matters for freight and fuel-surcharge costs that feed buyers pay.
freightwaves.comJohn KingstonJul 11, 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.
