The EIA reported the national average diesel price at $2.882 a gallon for the week of Feb. 24, a near-zero decline and the seventh straight weekly drop.
The average fell below $3 a gallon for the first time since September. WTI traded near $46.82 a barrel.
Persistently falling diesel prices lower transport and feed-delivery costs, and the sub-$3 level signals weak distillate demand.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% 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.