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The EIA weekly retail diesel price rose 2.4 cents to $2.526 a gallon, up 15.4 cents from its November 2 low. ULSD futures and the Brent-ULSD spread also widened over the period.
Diesel is rising faster than crude, which raises fuel surcharges for feed transport. The widening crack spread points to tighter product supply relative to crude.
freightwaves.comJohn KingstonDec 7, 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.
