Loading…
The EIA benchmark diesel price fell 4.2 cents to $5.571 a gallon on May 23 even as CME ULSD futures rose 2.97 cents. Analysts suspected a possible short squeeze ahead of the June contract's expiry.
A divergence between futures and retail diesel signals volatility in trucking fuel costs, which feeds into delivered feed prices. Futures firmness suggests the retail decline may not hold.
freightwaves.comJohn KingstonMay 23, 2022Not enough comparable past events yet for a historical read.
Not 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.
