# Analysis: What Higher Fuel Prices Mean for Trucking | Heavy Duty Trucking

> Trucking is enjoying strong freight rates and tight capacity, but rising fuel prices may curb freight demand. Diesel rose nearly 72 cents year on year to about $3.29 a gallon in late May.

- Date: 2018-06-18 · published 2018-06-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/64701-analysis-what-higher-fuel-prices-mean-for-trucking-heavy-duty-trucking
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher diesel costs raise hauling expenses for feed and grain shipments and could dampen freight demand, affecting delivered feed costs.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-01-26 | [What looms ahead for fuel prices in 2018? -  \| Ag Proud](https://feedsoft.ai/events/67183-what-looms-ahead-for-fuel-prices-in-2018-ag-proud.md) | -0.8% | -6.6% |
| 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% |
| DIESEL | 2019-06-10 | [New marine fuel rules to boost diesel prices for at least a year: analysts](https://feedsoft.ai/events/58772-new-marine-fuel-rules-to-boost-diesel-prices-for-at-least-a-year-analysts.md) | +0.2% | +3.9% |
| DIESEL | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +7.2% | +13.8% |
| DIESEL | 2023-09-19 | [Rising fuel costs driving US LTL, truckload costs higher \| Journal of Commerce](https://feedsoft.ai/events/34300-rising-fuel-costs-driving-us-ltl-truckload-costs-higher-journal-of-commerce.md) | -1.2% | -3.5% |

## Sources

- truckinginfo.com: https://www.truckinginfo.com/articles/analysis-what-higher-fuel-prices-mean-for-trucking

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