# Diesel prices take flight | Air Freight News

> 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.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31388-diesel-prices-take-flight-air-freight-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Sources

- airfreight.news: https://airfreight.news/articles/full/ai-diesel-prices-take-flight

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.