Fifth straight drop in benchmark diesel comes as futures prices rise sharply

Capt. John

The fifth consecutive decline in the benchmark diesel price used for most fuel surcharges is likely the end of the road for this particular downward cycle.

The Department of Energy/Energy Information Administration average weekly retail diesel price dropped 2.1 cents a gallon to $3.476 effective Monday, announced on Tuesday. The five-week decline from $3.639 a gallon on April 7 marks a drop of 16.3 cents a gallon during that time.

But for the declines to continue, they would need to fight back...

https://www.freightwaves.com/news/fifth-straight-drop-in-benchmark-diesel-comes-as-futures-prices-rise-sharply

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