# Why diesel prices are driving up the cost of everything

> 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.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-08-26 | [Why Diesel Prices Are Set To Soar](https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar.md) | +1.8% | +3.9% |
| DIESEL | 2020-02-15 | [Why diesel prices will go up - Truck News](https://feedsoft.ai/events/54762-why-diesel-prices-will-go-up-truck-news.md) | -5.1% | -38.5% |
| DIESEL | 2022-06-14 | [Diesel prices: The loss of US refining capacity is making things worse - FreightWaves](https://feedsoft.ai/events/41119-diesel-prices-the-loss-of-us-refining-capacity-is-making-things-worse.md) | +1.9% | -13.9% |
| DIESEL | 2018-05-18 | [Here’s why diesel prices are aiming for record highs - MarketWatch](https://feedsoft.ai/events/65187-here-s-why-diesel-prices-are-aiming-for-record-highs-marketwatch.md) | -1.0% | -9.0% |
| DIESEL | 2016-12-28 | [Diesel prices to start edging up in 2017 - Grainews](https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews.md) | -0.9% | -4.2% |
| WTI | 2021-05-01 | [Why prices of commodities, from metals to food, are soaring](https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring.md) | +2.2% | +4.4% |
| WTI | 2016-12-28 | [Diesel prices to start edging up in 2017 - Grainews](https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews.md) | +0.2% | +0.5% |
| WTI | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | +5.3% | +13.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/04/28/why-diesel-prices-are-driving-up-the-cost-of-everything.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.