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The DOE/EIA weekly retail diesel price rose for a 15th consecutive week to $2.876 per gallon, tying a record streak. Wholesale rack prices stayed contained as refinery closures in Texas grew.
Higher diesel costs raise transport and feed-delivery expenses for buyers and feed the fuel surcharges that flow into freight rates.
freightwaves.comJohn KingstonFeb 16, 2021After 109 past bullish report events, 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.
