
December WTI crude fell from $104.12 per barrel on October 30 to about $90.69 on November 6, while December heating-oil futures dropped 48 cents per gallon to about $4.31. The latest government reading cited put average U.S. pump diesel at $6.29 per gallon, down only six cents from its prior reading, so the wholesale decline had not yet substantially reached buyers at the pump.
Lower crude and heating-oil benchmarks could reduce diesel costs for trucking and farm operations if the decline passes through to retail prices. The limited pump-price drop so far means feed and agricultural transport costs remain elevated in the near term.
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.