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C.H. Robinson reports the US average diesel price rose to $3.78 per gallon in July, up 18 cents from June's $3.60.
The increase ends a run of year-over-year declines that had lasted 29 months, though July remained slightly below July 2024.
Higher July diesel costs raise freight and fuel expenses for feed transport, reversing a long trend of lower year-over-year fuel prices.
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.