Loading…
The spread between wholesale ULSD rack prices and US retail diesel prices widened to $1.28 per gallon from $0.76 on October 7, a 41% increase. Wholesale prices have fallen rapidly as US crude output rises.
Carriers benefit temporarily because fuel surcharges lag falling costs.
Wider margins between wholesale and retail diesel reflect falling wholesale fuel costs that will pass through slowly, which lowers transport costs for feed movement over the near term.
freightwaves.comZach Strickland, FW Market Expert &, Market AnalystDec 9, 2018Not 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.
