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The EIA reported the national average diesel price rose 8.5 cents to $3.671 a gallon, up 26.5 cents over three weeks. Gasoline also climbed 5.5 cents to $3.322, and EIA expects diesel demand to rise further next year as trucking clears pandemic-era delivery backlogs.
Rising diesel and gasoline prices raise trucking costs for feed ingredients and finished feed. Expected stronger diesel demand in 2022 suggests the price pressure may persist.
ttnews.comRoger GilroyOct 18, 2021After 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.
