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The DOE/EIA benchmark diesel price for January 24 rose 5.5 cents to $3.78 a gallon, the highest since September 2014. Retail prices were catching up with earlier wholesale gains, while ULSD futures had slipped about 5 cents from the prior week.
Higher diesel raises the cost of hauling feed ingredients and finished feed, which can narrow buyer margins. The move reflects a retail catch-up rather than a new supply shock.
freightwaves.comJohn KingstonJan 24, 2022Not enough comparable past events yet for a historical read.
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.
