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The DOE/EIA national average for on-highway diesel rose 20.6 cents to $5.12 a gallon in the week ending Aug. 29.
The largest increase was in the Midwest, where BP's Whiting refinery has been shut since Aug. 24 after a fire.
The Whiting outage removes a major Midwest refinery from supply, which can keep Midwest diesel and freight costs elevated. Higher transport costs flow into feed delivery prices.
overdriveonline.comOverdrive StaffAug 30, 2022Not enough comparable past events yet for a historical read.
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.
