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The U.S. average retail diesel price fell 1.1 cents to $2.983 per gallon, the seventh straight weekly decline, according to the Department of Energy. Crude dropped to a two-week low amid the US-China tariff dispute.
Diesel is 24.3 cents below its year-ago level.
Lower crude and diesel costs reduce transport and processing costs for feed ingredients, but the decline reflects weak demand expectations rather than a supply shift.
ttnews.comRoger GilroyAug 26, 2019Not enough comparable past events yet for a historical read.
Not 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.
