# Why Diesel Prices Are Set To Soar

> Forbes published a piece arguing that US diesel prices are set to soar. The available text gives few specifics on the drivers or the size of the expected rise.

- Date: 2018-08-26 · published 2018-08-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher diesel costs raise freight and grain-handling expenses for feed supply chains, which can narrow feed mill margins and support delivered feed prices.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | -3.1% | -16.2% |
| DIESEL | 2020-02-15 | [Why diesel prices will go up - Truck News](https://feedsoft.ai/events/54762-why-diesel-prices-will-go-up-truck-news.md) | -5.1% | -38.5% |
| DIESEL | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | -0.2% | +5.4% |
| DIESEL | 2018-05-07 | [Diesel Fuel Prices Set to Soar This Summer: Three Forecasts - OPIS, A Dow Jones Company](https://feedsoft.ai/events/65188-diesel-fuel-prices-set-to-soar-this-summer-three-forecasts-opis-a-dow-jones.md) | +3.1% | -0.3% |
| DIESEL | 2018-05-18 | [Here’s why diesel prices are aiming for record highs - MarketWatch](https://feedsoft.ai/events/65187-here-s-why-diesel-prices-are-aiming-for-record-highs-marketwatch.md) | -1.0% | -9.0% |

## Sources

- forbes.com: https://www.forbes.com/sites/rrapier/2018/08/26/why-diesel-prices-are-set-to-soar/

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