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EIA data show U.S. retail gasoline prices rising for a fourth straight week and diesel prices ending a 19-week decline. Diesel demand is recovering unevenly after a steep pandemic-driven drop in March and April.
Firming retail diesel and demand recovery point to modestly higher fuel costs for trucking and farm operations, though supply remains heavy.
fuelsmarketnews.comDr. Nancy YamaguchiMay 28, 2020After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
