The C.H. Robinson update reports the US average diesel price was $3.74 per gallon in August, slightly below July but above August 2024.
This ends a 29-month streak of year-over-year declines.
Diesel prices turning higher year over year raise shipper fuel surcharges and pressure carrier costs, which can tighten truckload capacity and feed freight budgets.
Not enough comparable past events yet for a historical read.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
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.