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Retail diesel reached an all-time high of $5.816 a gallon last June and has since fallen by more than $1. The article argues that the factors behind the surge, including tight supply, remain in place.
Persistent diesel tightness keeps freight and processing costs elevated, which supports delivered feed prices. Any renewed supply shock would feed quickly into transport costs.
wsj.comBy Denton CinquegranaJan 28, 2023After 250 past bullish geopolitics events, DIESEL moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% 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.
