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The EIA weekly diesel price rose 0.4 cents to $3.253 a gallon, the fourth straight weekly gain. CME ULSD futures ended the week lower over the last six sessions, and diesel's spread to Brent softened slightly.
Diesel is a key freight cost for feed delivery, and the small weekly gain plus signs of stalling suggest little near-term pressure on trucking costs. Platts still expects strong oil demand growth through August.
freightwaves.comJohn KingstonMay 24, 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.
