Diesel futures market up and down, but benchmark retail price falls

Capt. John

Diesel retailers have been whipsawed by big swings in futures and wholesale prices in the past six to seven trading days, but the end result for the trucking industry’s key diesel benchmark was a drop in the weekly price.

The Department of Energy/Energy Information Administration average weekly retail diesel price fell 3.7 cents a gallon Monday to $3.536. It’s the second decline in the past three weeks for the price used for most fuel surcharges, and takes it to the lowest level since Sept. 23.

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https://www.freightwaves.com/news/diesel-futures-market-up-and-down-but-benchmark-retail-price-falls

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