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The DOE/EIA weekly average US retail diesel price reached a record $5.703/gal, up 16.4 cents, surpassing the May 9 record. ULSD futures on CME had risen for ten consecutive sessions, and diesel traded at a large premium to Brent.
A record benchmark diesel price raises fuel surcharges and transport costs for feed delivery, reinforcing high diesel prices.
freightwaves.comJohn KingstonJun 6, 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.
