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The US national average diesel price fell 3.2 cents to $5.539 a gallon in the EIA weekly data released May 30, the third straight weekly decline. Diesel is still $2.284 higher than a year earlier, and prices fell in seven of ten EIA regions.
Diesel is a major operating cost for feed and grain trucking, so elevated fuel prices raise freight surcharges and delivered feed costs. The article also flags futures jumping, which points to renewed upward pressure at the pump.
ttnews.comRoger GilroyMay 31, 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.
