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Spot diesel prices reached roughly seven-year highs across US bulk markets, with Gulf Coast ULSD at $2.4076 per gallon on Nov. 8.
California retail diesel hit $4.701 per gallon, the highest since 2008, and the national EIA retail price rose for an eighth straight week to $3.73.
Multi-year highs in spot and retail diesel raise trucking and logistics costs for feed movement, supporting higher delivered feed prices.
spglobal.comMatthew KohlmanNov 9, 2021After 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.
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.
