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The EIA reported that the average US diesel price fell for a third straight week, down 0.9 cent to $2.901 a gallon. The average has stayed above $2.90 for six consecutive weeks.
WTI crude averaged $57.16 a barrel on NYMEX.
Lower retail diesel and softer crude point to easing fuel costs for hauling and farm operations. The decline is small, so it is a routine price move rather than a new supply or demand shock.
stage.logisticsmgmt.comLM StaffDec 19, 2017Not 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.
