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The DOE/EIA average retail diesel price rose for a seventh consecutive week, up 1.4 cents to $3.727 per gallon. CME ULSD futures settled at $2.5031 per gallon, their lowest front-month settlement since early October, showing short-term weakness in diesel futures.
Retail diesel keeps climbing even as futures soften, so freight costs for feed delivery stay high while wholesale pressure eases somewhat.
freightwaves.comJohn KingstonNov 1, 2021After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% 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.
