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An analysis argues that the average U.S. diesel price tracks freight demand, since transport providers are the largest diesel consumers. It notes that the Cass Freight Index showed shipment declines in 2015-2016 alongside a fall in diesel prices, with the main driver being oil supply rather than freight demand.
Freight volume and diesel price signals help buyers gauge transport capacity and cost trends for feed deliveries, though crude price drivers can outweigh demand effects.
freightwaves.comZach Strickland, FW Market Expert &, Market AnalystAug 11, 2019After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% 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.
