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The EIA reported the national average diesel price fell for the fourth consecutive week, to $3.124 a gallon, with a 0.5-cent decline. The price had topped $3 for seven straight weeks and was 64.4 cents higher than a year earlier, while the EIA forecast 2021 diesel at $2.88 and WTI at $57.24.
Diesel near $3 a gallon keeps trucking and feed delivery costs elevated. The EIA outlook for lower average prices in 2021 points to some relief in freight costs later in the year.
logisticsmgmt.comLM StaffApr 20, 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.
