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Business & Economics

After surge in diesel futures price, retail prices catch up, benchmark rises

FreightWaves
Summary
Nutrition label

74% Informative

Average weekly retail diesel price rose 6 cents a gallon to $ 3.536 , ending a streak of five consecutive declines.

The futures price for ultra low sulfur diesel (ULSD) on the CME commodity exchange had risen for much of the first two weeks of May .

Oil prices are managing to hold reasonably steady despite the continuing drumbeat of bearish supply/demand news.

VR Score

84

Informative language

88

Neutral language

56

Article tone

formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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