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Wholesale diesel prices fell about 40 cents per gallon in January while retail prices dropped only 12 cents. The spread between wholesale and retail rose above $1.20 per gallon, the first time since January 2019.
Carriers buying off the rack are benefiting from lower fuel costs during the winter lull.
A wide wholesale-to-retail spread lowers trucking costs during the seasonal slowdown, but the analyst expects the IMO 2020 effect to eventually lift diesel. Feed logistics costs are expected to stay soft in the near term.
freightwaves.comZach Strickland, FW Market Expert &, Market AnalystFeb 9, 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.
