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Retail diesel prices are expected to rise gradually, with Moody's projecting $4.50/gallon by mid-2024. EIA data show US diesel supplies tracking toward five-year lows as refineries cut output, and crude prices are supported by OPEC+ output restraint.
Tight distillate supply and firm crude prices keep trucking and farm logistics costs elevated. Higher diesel costs add to the expense of moving feed ingredients.
airfreight.newsPhillip M. PerryMar 27, 2024Not enough comparable past events yet for a historical read.
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.
