Loading…
The EIA weekly retail diesel price rose to $3.142 a gallon, up 1.8 cents, marking the first increase in six weeks. CME ULSD settled at $1.9519 a gallon, up 2.95 cents on the day, and wholesale diesel was rising faster than retail.
Rising wholesale diesel signals that retail diesel and freight costs will keep climbing. This adds pressure on feed transport costs.
freightwaves.comJohn KingstonMay 3, 2021After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
