# Rising fuel costs driving US LTL, truckload costs higher | Journal of Commerce

> 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.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34300-rising-fuel-costs-driving-us-ltl-truckload-costs-higher-journal-of-commerce
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher fuel costs raise trucking and LTL rates, adding to delivered costs for feed ingredients and grain moved by road.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-06-18 | [Analysis: What Higher Fuel Prices Mean for Trucking \| Heavy Duty Trucking](https://feedsoft.ai/events/64701-analysis-what-higher-fuel-prices-mean-for-trucking-heavy-duty-trucking.md) | +2.1% | -1.3% |
| DIESEL | 2021-06-18 | [US Trucking Boom Contributes to Rising Demand for Diesel - TT](https://feedsoft.ai/events/46789-us-trucking-boom-contributes-to-rising-demand-for-diesel-tt.md) | +4.7% | +2.0% |
| DIESEL | 2026-10-29 | [Diesel price pressures will linger into 2027, experts warn \| Commercial Carrier Journal](https://feedsoft.ai/events/1462-diesel-price-pressures-will-linger-into-2027-experts-warn-commercial-carrier.md) | -2.4% | — |
| DIESEL | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | -3.1% | -16.2% |
| DIESEL | 2022-10-28 | [East Coast retail diesel prices moving significantly higher than overall US hikes - FreightWaves](https://feedsoft.ai/events/39315-east-coast-retail-diesel-prices-moving-significantly-higher-than-overall-us.md) | -4.2% | -25.3% |

## Sources

- joc.com: https://www.joc.com/article/rising-fuel-costs-driving-us-ltl-truckload-costs-higher-5215909

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