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EIA weekly data for the week ended April 27 showed retail gasoline and diesel prices both falling, with diesel down 4.3 cents per gallon. Total US product supplied for the week ended April 10 hit 13.797 million b/d, the lowest since EIA began the series in 1990.
Record-low fuel demand and falling retail prices weigh on diesel and energy costs, though the report reflects data already known to the market.
fuelsmarketnews.comDr. Nancy YamaguchiApr 28, 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.
