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The DOE/EIA national retail diesel average fell 16.5 cents to $6.127 per gallon, its second straight weekly decline and the lowest since October 12. CME diesel futures fell from $4.4216 on November 1 to $4.2148 on Monday, and Brent dropped from $104.77 to about $92.57 per barrel over the same period.
The moves followed a Democratic sweep in the midterm elections and expectations of less Middle East military escalation.
Lower diesel and crude prices reduce fuel and freight costs for feed ingredient logistics and farm operations, easing pressure on feed production costs. The retreat is tied to war-risk premium unwinding, so it could reverse if Middle East tensions return.
carrieratlas.comTess CrawfordNov 11, 2026After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
