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The U.S. average retail diesel price rose 0.6 cent to $3.226 a gallon, and regular gasoline rose 1.5 cents to $2.846, according to DOE and EIA data released July 30. Diesel is 69.5 cents higher than a year earlier, and crude prices jumped on Middle East tensions.
Higher diesel costs raise freight and processing expenses for feed ingredients and livestock hauling, supporting feed cost pressure. The rise in crude feeds into energy-linked price moves.
ttnews.comRoger GilroyJul 30, 2018Not enough comparable past events yet for a historical read.
Not 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.
