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The DOE weekly diesel benchmark jumped 28.9 cents to $5.64/gal in the week ending May 5, the sharpest weekly climb since early April. ULSD futures rose 28 cents in five sessions on collapsed ceasefire hopes and continued Hormuz blockages.
Diesel futures signal further retail increases ahead, raising fuel surcharges and transport costs for feed and grain shipments.
After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% 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.