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The average U.S. on-highway diesel price fell to $2.659 per gallon, the lowest national average since August 2017. Prices fell in all regions, with the Gulf Coast cheapest and California most expensive.
Figures from ProMiles were similar, showing a national average near $2.574.
Diesel at multi-year lows reduces the transport cost of moving feed ingredients and grain by truck. The move reflects weak energy demand, so it is likely to keep logistics costs subdued near term.
ccjdigital.comMar 25, 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.
