Loading…
Diesel prices rose 49 cents a gallon on average in August from July, lifting US trucking costs. Diesel at the pump has climbed about 20% over three months, and shippers should expect transport costs to keep rising this fall with seasonal freight demand.
Higher fuel costs raise trucking and LTL rates, adding to delivered costs for feed ingredients and grain moved by road.
joc.comWilliam B. CassidySep 19, 2023After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
