Loading…

The EIA reported the US national average diesel price fell 6 cents to $6.292 a gallon in the week to November 3, the second weekly drop since the Iran war began. Every EIA region declined, with California falling from $8.155 to $8.076.
The EIA diesel average is the benchmark for most trucking fuel surcharges, so the drop lowers feed transport costs slightly. Retail prices lag futures, which fell on peace hopes, so further easing is possible but the price remains far above last year.
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.