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The US average retail diesel price fell 1.1 cents to $2.965 a gallon for the week of January 21, 2019, marking the 14th straight weekly decline. WTI closed at $52.57 per barrel on January 22, up from $50.51 on January 14.
An analyst described diesel margins as very good, and refiners are building supply.
Lower retail diesel costs ease trucking and feed delivery expenses, while rising crude supports energy-linked feed input costs. The effect on grain and feed prices is limited.
ttnews.comRoger GilroyJan 22, 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.
