# Fuel costs push rates higher faster in 2021 - FreightWaves

> Truckload spot rates have risen in 2021, averaging $3.18 per mile over the past two months versus $2.96 in late 2020. Retail diesel prices are up nearly 40% since November, which analysts say makes the freight market look tighter than it is.

- Date: 2021-07-11 · published 2021-07-11T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/46244-fuel-costs-push-rates-higher-faster-in-2021-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher fuel costs and firmer truck rates raise the delivered cost of feed ingredients, particularly for buyers relying on trucking. The analysis suggests part of the rate increase reflects fuel rather than capacity tightness.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-28 | [Fuel, Tight Capacity Push Projected Q4 Freight Costs Higher](https://feedsoft.ai/events/278-fuel-tight-capacity-push-projected-q4-freight-costs-higher.md) | -4.2% | — |
| DIESEL | 2026-10-22 | [Record diesel costs push grain freight rates higher across all modes \| Feed & Grain](https://feedsoft.ai/events/17227-record-diesel-costs-push-grain-freight-rates-higher-across-all-modes-feed-and.md) | -5.5% | — |
| DIESEL | 2019-02-08 | [Port Report: Coastal shift in U.S. container trade might be in cards for 2020 - FreightWaves](https://feedsoft.ai/events/60490-port-report-coastal-shift-in-u-s-container-trade-might-be-in-cards-for-2020.md) | +3.8% | +5.3% |
| DIESEL | 2021-02-18 | [Diesel fuel in short supply in Texas; prices on the rise - FreightWaves](https://feedsoft.ai/events/48825-diesel-fuel-in-short-supply-in-texas-prices-on-the-rise-freightwaves.md) | +4.0% | +3.4% |
| DIESEL | 2019-06-14 | [IMO 2020 credit risks to cascade across marine fuel supply chain - FreightWaves](https://feedsoft.ai/events/58774-imo-2020-credit-risks-to-cascade-across-marine-fuel-supply-chain-freightwaves.md) | +4.5% | +9.9% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/fuel-costs-push-rates-higher-faster-in-2021

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.