# US diesel prices jump to six-month highs amid NYMEX rally as Midwest differentials falter | S&P Global

> US diesel prices rose to six-month highs after the NYMEX M1 ULSD futures contract gained 12.35 cents/gal to $2.5017/gal on Jan. 10, its largest one-day gain since October 2023. The US and UK announced new sanctions on Russia's energy sector, including curbs on two major Russian oil producers, lifting the broader crude complex. Midwest differentials weakened even as outright prices climbed.

- Date: 2025-01-11 · published 2025-01-11T12:00:00.000Z
- Category: geopolitics · region US · magnitude high
- Page: https://feedsoft.ai/events/10346-us-diesel-prices-jump-to-six-month-highs-amid-nymex-rally-as-midwest
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Sanctions on Russian oil exports tighten global crude and distillate supply, raising the cost of diesel and fuel-linked inputs for feed transport and processing. Higher diesel also lifts freight and drying costs across the feed chain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2025-01-15 | 5 | +11.3% | 3.2 | NYMEX ULSD futures posted their largest one-day gain since Oct 2023 on Jan 10 as sanctions on Russian energy lifted the crude complex, directly explaining the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-09-15 | [US diesel prices hit new all-time high amid global supply disruptions, strong demand \| S&P Global](https://feedsoft.ai/events/17656-us-diesel-prices-hit-new-all-time-high-amid-global-supply-disruptions-strong.md) | -1.7% | -4.1% |
| DIESEL | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -3.6% | -5.3% |
| DIESEL | 2026-10-09 | [US diesel prices remain high despite Trump’s moves to boost supplies By Reuters](https://feedsoft.ai/events/637-us-diesel-prices-remain-high-despite-trump-s-moves-to-boost-supplies-by-reuters.md) | -1.2% | -7.9% |
| DIESEL | 2026-03-17 | [US average diesel prices cross $5 a gallon as Middle East War tests global economy \| Reuters](https://feedsoft.ai/events/20338-us-average-diesel-prices-cross-5-a-gallon-as-middle-east-war-tests-global.md) | +6.6% | -5.4% |
| DIESEL | 2026-03-02 | [European diesel jumps over $100/mt amid Middle East tensions \| S&P Global](https://feedsoft.ai/events/5532-european-diesel-jumps-over-100-mt-amid-middle-east-tensions-s-and-p-global.md) | +36.4% | +69.9% |
| WTI | 2026-10-09 | [US diesel prices remain high despite Trump’s moves to boost supplies By Reuters](https://feedsoft.ai/events/637-us-diesel-prices-remain-high-despite-trump-s-moves-to-boost-supplies-by-reuters.md) | +0.8% | +6.6% |
| WTI | 2026-03-02 | [European diesel jumps over $100/mt amid Middle East tensions \| S&P Global](https://feedsoft.ai/events/5532-european-diesel-jumps-over-100-mt-amid-middle-east-tensions-s-and-p-global.md) | +35.6% | +50.4% |
| WTI | 2022-03-24 | [Global diesel shortage pushes oil prices higher](https://feedsoft.ai/events/5943-global-diesel-shortage-pushes-oil-prices-higher.md) | -6.2% | -9.6% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/011125-us-diesel-prices-jump-to-six-month-highs-amid-nymex-rally-as-midwest-differentials-falter

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.