It’s the second consecutive week of a decline, and it takes the price to its lowest level since October 12. That isn’t all that long ago, but neither is the highest price in the history of the series. That was recorded September 22, just seven weeks ago, when it reached $6.529/g. The decline is coming as the futures market for ultra low sulfur diesel (ULSD) on the CME commodity exchange, and other oil contracts, are experiencing significant post-Election Day declines on the prospect of a Democratic Congress and a possibly chastened administration pulling back on more military action in the…
News Timeline:
Track the development of this news story across the Internet.