The U.S. national average diesel price fell 16.5 cents to $6.127 per gallon for the week of November 9, according to EIA data. Prices remained nearly $2.29 per gallon above the same period a year earlier, with the article citing the Iran conflict’s impact on global energy supply as a key factor behind elevated prices.
The weekly decline eases fuel costs for trucking and agricultural operations, although diesel remains historically expensive and can continue to raise delivered feed costs.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% 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.