The U.S. Department of Energy/EIA weekly retail diesel benchmark fell 16.5 cents per gallon to $6.127, its second consecutive weekly decline and lowest level since October 12. ULSD futures also dropped, as traders priced in the prospect of reduced U.S. military action in the Middle East after the election.
Lower diesel prices can reduce fuel and freight costs for feed and agricultural supply chains. The decline in ULSD futures and the retail benchmark points to easing near-term cost pressure.
After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% 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.