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The U.S. average diesel price fell 8.2 cents to $3.458 per gallon for the week ending December 9, the largest weekly drop of 2024 and 52.9 cents below a year earlier. EIA expects diesel to average $3.55 in Q4 2024 and $3.61 in 2025.
Lower diesel costs reduce hauling and barge operating expenses for grain, modestly easing freight costs and pressure on farm-gate basis.
doi.orgDec 12, 2024After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
