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Diesel prices are hovering near all-time highs, with the national average around $5.09 per gallon as of April 27. Diesel costs are feeding into broader consumer inflation and pressuring trucking operators, who now spend roughly $18,000 a week on fuel versus about $10,000 previously.
Sustained diesel prices lift freight and delivery costs across the feed supply chain, adding to the landed cost of feed ingredients. Persistent high fuel costs also feed inflation, which can affect policy and rate expectations.
cnbc.comRobert FerrisApr 28, 2022After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
