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The US average retail diesel price fell 3.7 cents to $3.651 a gallon on August 26, per EIA data, marking the seventh straight weekly decline. Prices are now at their lowest since before Russia's February 2022 invasion of Ukraine.
Prices climbed briefly on a loss of Libyan output.
Lower diesel costs reduce transport and fuel surcharge expenses for feed logistics, and they weigh on energy-linked input costs. The price trend is routine and has limited direct effect on feed ingredient prices.
freightwaves.comJohn KingstonAug 27, 2024Not 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.
