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The EIA retail diesel average edged up 0.2 cents to $3.255 a gallon, the highest since November 2018. Brent settled above $70 for the first time in about two years, and ULSD futures rose 2.7 cents.
Higher diesel and crude lift freight and input costs for feed mills and raise the fuel surcharge benchmark for hauling feed. The move reflects tightening petroleum supply against recovering demand.
freightwaves.comJohn KingstonJun 1, 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.
