A Dow Jones Energy special report, produced with OPIS, says fuel costs for US commercial trucks rose from about 51 cents per mile before late February to 89 cents per mile in September. The national average retail diesel price exceeded $6 per gallon for the first time on September 10.
The report attributes the volatility to conflicts, damaged refineries, disrupted shipping and limited fuel supplies.
Persistently high diesel costs raise freight and delivery expenses for feed and grain logistics, and they pressure haulier margins. The report indicates that prices may stay volatile even if geopolitical tensions ease.
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.