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The EIA weekly retail diesel average fell 1.5 cents to $3.129 a gallon, the third consecutive decline, leaving it 6.5 cents below its $3.194 peak. The CME ULSD benchmark had fallen to as low as $1.7713 a gallon, well below the retail price.
The gap between retail and wholesale diesel is still within a normal range, so retail prices may keep easing modestly. Lower freight fuel costs slightly ease the cost of moving feed ingredients.
freightwaves.comJohn KingstonApr 12, 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.
