# Grain Transportation Report, December 14, 2023

> The US average diesel price fell 10.5 cents to $3.987 per gallon for the week ending December 11, the first sub-$4 reading since July. Diesel has dropped 55.8 cents since late October. The decline followed OPEC+ voluntary production cuts and record US and Brazilian crude output.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/16579-grain-transportation-report-december-14-2023
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower diesel and crude costs reduce fuel expenses for grain hauling and barge operations, easing logistics costs for grain. Crude prices remain under pressure from supply growth.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-12-12 | [Grain Transportation Report, December 12, 2024](https://feedsoft.ai/events/16489-grain-transportation-report-december-12-2024.md) | +1.1% | +12.9% |
| DIESEL | 2021-11-30 | [Afternoon Market Recap for November 30, 2021 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11598-afternoon-market-recap-for-november-30-2021-highline-grain-growers-inc.md) | +1.3% | +10.4% |
| DIESEL | 2019-11-16 | [FreightWaves oil report: So where is the impact from IMO 2020? - FreightWaves](https://feedsoft.ai/events/56253-freightwaves-oil-report-so-where-is-the-impact-from-imo-2020-freightwaves.md) | -0.9% | +2.7% |
| DIESEL | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -4.4% | -12.7% |
| DIESEL | 2023-04-17 | [Drop in Diesel Demand Heightens Recession Concerns - TT](https://feedsoft.ai/events/36589-drop-in-diesel-demand-heightens-recession-concerns-tt.md) | -6.1% | -13.1% |
| WTI | 2020-03-24 | [Feed grain report (March 2020) \| AHDB](https://feedsoft.ai/events/6105-feed-grain-report-march-2020-ahdb.md) | -32.0% | -41.4% |
| WTI | 2021-11-30 | [Afternoon Market Recap for November 30, 2021 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11598-afternoon-market-recap-for-november-30-2021-highline-grain-growers-inc.md) | -0.5% | +8.7% |
| WTI | 2020-03-10 | [Daily Market Wire 10 March 2020 - Grain Central](https://feedsoft.ai/events/11272-daily-market-wire-10-march-2020-grain-central.md) | -7.1% | -15.8% |

## Sources

- doi.org: https://doi.org/10.9752/ts056.12-14-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.