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The EIA weekly average retail diesel price held at $3.124 a gallon, unchanged from the prior week and the first flat reading since February 2019. CME ULSD settled at $1.8785 after a brief dip, and markets showed no major supply or demand swings.
Retail diesel is the basis for most freight fuel surcharges, so a flat print signals stable transport costs for feed delivery. Weak Indian demand fears are the main downside risk ahead of the OPEC+ meeting.
freightwaves.comJohn KingstonApr 26, 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.
