AAA reports the US national average on-highway diesel price fell 16 cents from a week earlier to $6.09 per gallon, well below the record $6.52 set on Sept. 22.
Gasoline dipped below $4 per gallon for the first time since July, as WTI crude traded at $88.12 per barrel. A tanker carrying 300,000 barrels of Russian diesel under a Trump-announced purchase deal has reportedly abandoned its US voyage after being refused entry to an East Coast port.
Lower diesel costs ease freight and feed-delivery expenses for US buyers, but the stalled Russian supply deal leaves the diesel market tight. Prices remain far above pre-crisis levels, so the downward move is likely to be gradual.
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.