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The U.S. average retail diesel price dropped 3.5 cents to $2.489 per gallon, its third straight weekly decline. WTI crude closed at $43.23 per barrel on June 20, down from $50.73 a month earlier, and entered a bear market amid a persistent crude glut.
A crude glut pushing WTI to multi-month lows lowers diesel and fuel costs for feed logistics and farm operations, with limited upside near term.
ttnews.comRoger GilroyJun 21, 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.
