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The EIA's final 2020 weekly retail diesel price rose 1.6 cents to $2.635 a gallon, the eighth straight weekly gain. The year's benchmark fell 44.4 cents from its January high of $3.079.
Wholesale rack prices were trending slightly lower.
Diesel is the basis for most freight fuel surcharges, so this rise adds to delivered feed costs for buyers. The softer wholesale trend suggests the increases may be slowing.
freightwaves.comJohn KingstonDec 28, 2020Not 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.
