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The US DOE/EIA retail diesel benchmark rose 6.6 cents to $3.846 a gallon, its highest since August 2014, and is up 13.4 cents over four weeks. ULSD futures on CME rose sharply the prior week before easing on contract expiry.
Diesel is the benchmark for most trucking fuel surcharges, so the rise raises freight costs for feed deliveries. The widening crude-to-diesel spread also signals tight distillate supply.
freightwaves.comJohn KingstonJan 31, 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.
