Down over 50 cents in 2.5 months, retail diesel not yet impacted by futures slide

Capt. John

The key benchmark price used for most fuel surcharges is now down to levels not seen since July 24.

The latest weekly average retail diesel price posted by the Department of Energy/Energy Information Administration price, however, only had a few days to react to the plunging futures market that accompanied an OPEC+ meeting where the final agreement left most oil traders skeptical of the group’s efforts to combat a growing imbalance in global markets.

The DOE/EIA price declined 5.4 cents per...

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