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The DOE/EIA weekly diesel price rose 8.5 cents to $3.671 a gallon, adding 19.4 cents over two weeks and reaching the highest level since 2008. ULSD futures showed signs of slowing their recent rally, with a notable intraday reversal.
Rising diesel prices increase fuel surcharges and freight costs for feed deliveries. The slowing futures momentum suggests the pace of cost increases may ease somewhat.
freightwaves.comJohn KingstonOct 18, 2021Not 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.
