Loading…
The DOE/EIA benchmark diesel price fell 4.6 cents to $3.674 a gallon, the largest weekly drop since March 2020. The decline is the first to reflect the wholesale fall that followed the discovery of the Omicron variant.
The sharp retail pass-through lowers trucking and fuel-surcharge costs for feed delivery, though wholesale prices have already begun to rebound.
freightwaves.comJohn KingstonDec 6, 2021After 86 past bearish report events, DIESEL moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
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.
