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The EIA reported weekly US retail gasoline averaging $2.102 per gallon and diesel averaging $2.462 per gallon for the week ended November 23, 2020. Gasoline fell 0.9 cents while diesel rose 2.1 cents, and demand remains below pre-pandemic levels.
Higher diesel prices raise freight and farm operating costs, which can feed into feed ingredient delivered costs. The move is small and reflects routine weekly data.
fuelsmarketnews.comDr. Nancy YamaguchiNov 25, 2020After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
