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The EIA reported that the average U.S. retail diesel price fell 3.5 cents to $2.489 per gallon for the week ended June 19, 2017. Midwest diesel saw the largest regional drop, at 4.3 cents, and gasoline fell 4.8 cents after several weeks of crude price declines.
Lower retail diesel prices in the Midwest reduce fuel costs for grain and feed transport, reflecting the crude slide.
fuelsmarketnews.comDr. Nancy YamaguchiJun 20, 2017After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
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.
