
Retail and futures diesel prices rose sharply in recent weeks, with the EIA national average at $3.868 per gallon, up from $3.620 in late October. Front-month CME diesel futures topped $2.70 on November 18 before falling below $2.55 on November 20.
US diesel exports recently exceeded 1 million barrels per day.
Higher diesel costs raise freight and fuel surcharges for feed buyers, and analysts see limited further upside near term. Strong export demand keeps US distillate supplies tight.
Not 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.
Front-month futures fell from above $2.70 on Nov 18 to below $2.55 on Nov 20 after a spike, indicating mean reversion of an overextended rally.