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The DOE/EIA weekly benchmark diesel price rose to $4.055/gal on February 22, the highest since March 2013. It was the seventh straight weekly increase, totaling 44.2 cents, while CME ULSD futures had fallen from their February 14 peak.
The rising benchmark diesel price feeds into fuel surcharges and trucking costs, adding to the delivered cost of feed ingredients in the US.
freightwaves.comJohn KingstonFeb 22, 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.
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.
