Diesel Is Way Down; So Are Trucking Stocks

Feb 26, 2020 at 11:24 AM CST + 1
The good news for diesel consumers in the global sell-off of commodities and equities Monday is that diesel prices fell further than most other financial assets. The ultra low sulfur diesel (ULSD) contract on CME settled down 7.28 cents per gallon to $1.6091 per gallon, a drop of 4.32%. Contrast that with the decline in WTI crude (down $1.95 per barrel to $51.43, a decline of 3.79%) or Brent crude (down $2.20 per barrel to $56.30, a decline of 3.76%). RBOB gasoline fell 4.15 cents a gallon to $1.6091 per gallon, a decline of 2.51%.

Feb 26, 2020 at 11:24 AM CST

+ 1

The good news for diesel consumers in the global sell-off of commodities and equities Monday is that diesel prices fell further than most other financial assets. The ultra low sulfur diesel (ULSD) contract on CME settled down 7.28 cents per gallon to $1.6091 per gallon, a drop of 4.32%. Contrast that with the decline in WTI crude (down $1.95 per barrel to $51.43, a decline of 3.79%) or Brent crude (down $2.20 per barrel to $56.30, a decline of 3.76%). RBOB gasoline fell 4.15 cents a gallon to $1.6091 per gallon, a decline of 2.51%.