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Diesel has risen 42.8% this year versus 26% for retail gasoline, outpacing crude and gasoline. The spread widening predates the Russian invasion, and an analyst expects it to persist.
Diesel is decoupling from crude, so fuel surcharges and transport costs for feed rise even if crude is flat. This keeps diesel-driven logistics costs high for feed buyers.
freightwaves.comJohn KingstonApr 28, 2022Not 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.
