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The EIA weekly retail diesel average rose 2.1 cents to $2.462 a gallon, up 9 cents over three weeks. ULSD futures settled at $1.3105 a gallon on Monday, the first close above $1.30 since early March.
Rising diesel costs increase freight and fuel surcharges for feed ingredient shipments and grain hauling. The move reflects firmer crude markets tied to vaccine-driven demand optimism.
freightwaves.comJohn KingstonNov 23, 2020Not enough comparable past events yet for a historical read.
Not 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.
