# Here’s why diesel prices are aiming for record highs - MarketWatch

> OPIS's Tom Kloza says US diesel pump prices could exceed $4 a gallon next year and may revisit record highs within a year or two. Pump diesel stood at $3.167 on the reported Friday and averaged $3.09 in May, the highest monthly level since December 2014.

- Date: 2018-05-18 · published 2018-05-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/65187-here-s-why-diesel-prices-are-aiming-for-record-highs-marketwatch
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expectations of record diesel prices, tied to global demand strength and the 2020 marine fuel rule, point to sustained freight and processing cost increases. This adds to upward cost pressure across feed supply chains.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-08-26 | [Why Diesel Prices Are Set To Soar](https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar.md) | +1.8% | +3.9% |
| 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 | 2018-06-18 | [Analysis: What Higher Fuel Prices Mean for Trucking \| Heavy Duty Trucking](https://feedsoft.ai/events/64701-analysis-what-higher-fuel-prices-mean-for-trucking-heavy-duty-trucking.md) | +2.1% | -1.3% |
| 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 | 2022-10-28 | [East Coast retail diesel prices moving significantly higher than overall US hikes - FreightWaves](https://feedsoft.ai/events/39315-east-coast-retail-diesel-prices-moving-significantly-higher-than-overall-us.md) | -4.2% | -25.3% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/heres-why-diesel-prices-are-aiming-for-record-highs-2018-05-18

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