
The EIA weekly benchmark showed the U.S. average retail diesel price falling 6 cents to $6.292 a gallon, the second decline since the Iran war began, with all regions lower. ULSD futures swung sharply on Monday and Tuesday on reports of US-Iran talks and then their denial, while about 10 million barrels per day of global refining capacity remains offline.
Retail diesel is easing, but volatile futures and the offline refining capacity keep supply risk high, so fuel costs for feed logistics and farm operations could rebound quickly if talks fail.
Not 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.