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The weekly DOE/EIA retail diesel price rose 1.3 cents to $3.385 a gallon, its highest level since October 2018. The increase came on a day when CME ULSD futures fell about 4.9 cents to $2.1601 a gallon.
The DOE benchmark sets most trucking fuel surcharges, so the rise lifts freight costs for feed hauling. Tight distillate market structure suggests diesel costs stay firm.
freightwaves.comJohn KingstonSep 20, 2021Not 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.
