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The EIA's final 2019 average US retail diesel price was $3.069 per gallon, up only about 2 cents from 2018. Diesel prices stayed stable despite the IMO 2020 rule and a September attack on a Saudi oil facility, which caused only a brief one-week spike.
Diesel prices were flat over the year, so feed buyers' freight and fuel costs showed no major shock. Price risk from IMO 2020 demand shifts remains a forward consideration for 2020.
freightwaves.comJohn KingstonDec 31, 2019Not 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.
