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The DOE/EIA weekly average retail diesel price rose 9.4 cents to $3.081 per gallon, from $2.987. That was the fourth-largest weekly gain since 2012 and among the top 20 in the series' history.
Retail diesel is the basis for most trucking fuel surcharges.
A sharp rise in diesel raises trucking and fuel surcharge costs for feed deliveries, and it signals firmer energy costs that can feed into freight rates.
freightwaves.comJohn KingstonSep 24, 2019Not 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.
