Energy Analyst Says Diesel Prices Correlate More Closely With Treasury Yields

For the first time ever, 10-year bond yields track diesel prices more closely than crude, and Trump's fuel deal with Putin may be too little too late

Diesel prices have come off their all-time highs in recent weeks, but the key industrial fuel has already moved the needle across the economy and financial markets, making affordability a more potent issue in the midterm elections. The national average for diesel is about $6.277 per gallon, according to AAA, down from its $6.528 high but still 71% above year-ago levels. By contrast, U.S. crude oil is up 56% from a year earlier as damage to refin…

Energy Analyst Says Diesel Prices Correlate More Closely With Treasury Yields

Diesel averaged $6.3895 per gallon on Oct. 1, while the 10-year Treasury yield stood at 5.24% on Oct. 9 amid inflation concerns.

For the first time ever, 10-year bond yields track diesel prices more closely than crude, and Trump’s fuel deal with Putin may be too little too late

Diesel prices have come off their all-time highs in recent weeks, but the key industrial fuel has already moved the needle across the economy and financial markets, making affordability a more potent issue in the midterm elections. The national average for diesel is about $6.277 per gallon,…