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The EIA reported the US average on-highway diesel price fell 1 cent to $3.724 per gallon for the week of November 22, 2021, the first weekly decline since September. Diesel remains $1.262 per gallon higher than a year earlier, and gasoline was essentially flat at $3.395.
Diesel remains very high year over year, keeping trucking and feed delivery costs elevated, and a single-cent dip does not change the upward cost pressure on feed logistics.
ttnews.comRoger GilroyNov 22, 2021After 22 past neutral report events, DIESEL moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% 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.
