
The DOE/EIA weekly average retail diesel price fell 3.7 cents to $3.831 per gallon after four weeks of increases totaling 24.8 cents. The spread between ULSD futures and Brent narrowed from its November 18 peak, which was the widest since September 2023.
Fuel surcharges for freight buyers are tied to this benchmark, so the easing diesel-crude spread points to lower near-term transport costs. Diesel strength relative to crude had been a cost pressure on feed logistics.
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.
The ULSD-Brent spread narrowed from its widest since 2023, signaling diesel's risk premium collapsing relative to crude.