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US diesel is near $5.50 a gallon, up about 75% from a year earlier and above prior record levels, squeezing truckers, farmers and factories. The article attributes the rise to crude costs, the US ban on Russian oil imports, low diesel inventories and export flows to Europe.
Diesel costs ripple through farm operations and feed delivery, adding to input inflation and supporting logistics costs for feed buyers.
npr.orgBrittany CroninMay 28, 2022After 250 past bullish geopolitics events, ULSD / 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.
