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The EIA weekly retail diesel price rose 3.3 cents to $2.559 a gallon, the sixth consecutive weekly increase. The rise tracked gains in CME ULSD futures and wholesale rack prices.
Higher retail diesel raises fuel surcharges and hauling costs for feed ingredients. The wholesale gains suggest further near-term retail pressure.
freightwaves.comJohn KingstonDec 14, 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.
