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The national average diesel price fell for a fourth straight week, dropping 2.5 cents to $3.674 a gallon according to EIA data. The article notes that the national average is still up about $1.09 a gallon year over year.
Lower diesel prices reduce freight and fuel-surcharge costs for feed supply chains, while the large year-over-year increase keeps transport costs elevated.
stage.logisticsmgmt.comLM StaffDec 14, 2021After 86 past bearish report events, ULSD / 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.
