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Retail diesel prices dipped slightly the week after hitting records, according to the DOE's EIA data, but fuel-industry experts do not expect the decline to last. Wholesale prices were rising again on the Monday after the dip.
Diesel had risen 29% in three weeks to $5.25 on March 14.
Expectations of renewed increases keep fuel costs elevated for feed transport and milling. Buyers should plan for continued high diesel costs rather than relief.
truckinginfo.comDeborah LockridgeMar 23, 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.
Notes wholesale diesel prices were rising again on Monday March 21, consistent with the continued futures rebound.
