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The EIA reported the average US diesel price fell 1.2 cents to $2.585 per gallon, ending seven weeks of increases. The price remained close to its recent high and was up 47.3 cents year on year.
A first weekly decline after a long run of gains offers only slight relief on diesel and freight costs for feed buyers, since prices remain near multi-year highs.
stage.logisticsmgmt.comJeff BermanJan 18, 2017Not 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.
