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The DOE diesel price, used as the basis for fuel surcharges, has held near $3.12/gallon for three weeks, tracking a CME ULSD futures contract that has stayed mostly between $1.97 and $2.04 per gallon. Gasoline rose from about $1.61 to $1.92 per gallon over the same period while WTI crude gained roughly $3 per barrel.
Energy costs feed directly into freight and feed-delivery expenses for buyers, and stable diesel supports predictable logistics costs. Gasoline strength alongside flat diesel signals no fresh cause for a broad energy-price shift affecting grain or feed commodities.
freightwaves.comJohn KingstonMar 23, 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.
