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The EIA weekly average US retail diesel price rose 11.3 cents to $3.715 per gallon, the highest since August. The increase followed a jump in ULSD futures driven by US sanctions on Russian oil shipping.
Higher diesel raises transport and fuel surcharge costs for feed ingredients and grain moving by truck. The sanctions-driven rally adds upside risk to energy-linked feed costs.
freightwaves.comJohn KingstonJan 21, 2025After 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.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% 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.
