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The EIA reported that the US national average diesel price rose nearly 10 cents in the week of July 24 to $3.905 a gallon. It is the largest weekly gain since March 2022 and the second-largest of 2023.
The average had been flat at $3.806 for the two prior weeks.
A higher national diesel average raises fuel surcharges and trucking costs for feed deliveries across the US. The data confirms a rising cost trend for ingredient logistics.
stage.logisticsmgmt.comLM StaffJul 25, 2023After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
