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The EIA US average diesel price fell 14.7 cents to $6.38/gal in the week ending September 28, after a record $6.53 the prior week. Declines were seen in nearly all regions, with the largest drop on the Gulf Coast.
Diesel remained the second-highest weekly level on record.
A retreat from record diesel levels eases near-term fuel and freight costs for feed buyers. The price is still very high, so transport costs remain a significant input.
Not enough comparable past events yet for a historical read.
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.