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The EIA reported that the U.S. average on-highway diesel price rose 5.1 cents to $5.185 a gallon as of March 28. Diesel has risen in 11 of the past 12 weeks and is $2.024 higher than a year earlier.
California remains the only region with diesel above $6 a gallon.
Continued diesel gains raise trucking and grain transport costs, which can widen regional basis and pressure feed margins. The steady climb reflects the elevated crude prices that are a key cost driver for the feed supply chain.
ttnews.comRoger GilroyMar 28, 2022After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% 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.
