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The EIA weekly retail diesel price rose 3.1 cents to $3.331 per gallon, the 10th straight weekly increase. The same day, crude and ULSD futures fell sharply after OPEC+ failed to approve a production increase.
Rising diesel adds to trucking and feed delivery costs, while the futures decline points to lower near-term fuel costs. The mixed signals leave the net effect on feed logistics costs uncertain.
freightwaves.comJohn KingstonJul 6, 2021Not enough comparable past events yet for a historical read.
Not 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.
