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The EIA weekly retail diesel average fell 0.5 cents to $3.124 a gallon, the fourth straight weekly decline after a 20-week run of increases. Wholesale and CME ULSD prices rose sharply that week after a bullish EIA inventory report showed crude stocks at their tightest since February.
Retail diesel lagging wholesale gains suggests fuel surcharges may soon catch up with higher underlying costs. Tighter crude inventories point to firmer diesel prices for freight and feed transport.
freightwaves.comJohn KingstonApr 19, 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.
