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The EIA reported that the U.S. average on-highway diesel price rose 40.1 cents to a record $5.25 per gallon on March 14, 2022. The increase followed a 74.5-cent jump the prior week.
Gasoline also rose 21.3 cents to $4.315 per gallon.
Record diesel costs squeeze trucking and freight budgets, raising the delivered cost of feed ingredients. Continued volatility linked to the Russia-Ukraine conflict is expected to keep fuel costs elevated.
fleetowner.comScott AchelpohlMar 15, 2022Not 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.
