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The EIA reported that US retail gasoline prices fell 1.1 cents per gallon in the week ended July 27, and diesel fell 0.6 cents. The gain in diesel demand has been slow, and COVID-19 cases are rising across most states.
The article also tracks weekly product-supplied demand data.
Flat-to-lower US diesel prices reduce fuel and freight costs for feed producers. The recovery in fuel demand is uncertain, which limits any sustained price move.
fuelsmarketnews.comDr. Nancy YamaguchiJul 29, 2020After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% 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.
