# Red diesel drops 3p/litre as crude hits 6 month low - Farmers Weekly

> UK red diesel prices fell 3p per litre in a week to about 55p, after US crude hit a six-month low. A surge in US crude, gasoline and diesel stocks rose by 22 million barrels, the largest weekly rise in 30 years. Most farmers had already bought their harvest fuel, so demand for new purchases has not picked up.

- Date: 2019-06-06 · published 2019-06-06T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/10746-red-diesel-drops-3p-litre-as-crude-hits-6-month-low-farmers-weekly
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower diesel costs reduce farm operating expenses, but limited buying means little near-term demand response. Crude's fall reflects a bearish inventory report and trade concerns.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-27 | [National diesel average drops for sixth straight week, reports EIA - Logistics Management](https://feedsoft.ai/events/10262-national-diesel-average-drops-for-sixth-straight-week-reports-eia-logistics.md) | +2.8% | -13.8% |
| WTI | 2020-09-02 | [Oil drops 3% to one-month low on weak U.S. gasoline demand](https://feedsoft.ai/events/10228-oil-drops-3-to-one-month-low-on-weak-u-s-gasoline-demand.md) | -11.0% | -6.2% |
| WTI | 2021-11-17 | [Oil slumps, hits six-week lows on revived supply concerns \| Reuters](https://feedsoft.ai/events/11833-oil-slumps-hits-six-week-lows-on-revived-supply-concerns-reuters.md) | -2.9% | -12.2% |
| WTI | 2017-02-07 | [Diesel prices drop for fourth straight week, reports EIA - Logistics Management](https://feedsoft.ai/events/72661-diesel-prices-drop-for-fourth-straight-week-reports-eia-logistics-management.md) | -0.1% | -0.3% |
| WTI | 2022-08-03 | [Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build](https://feedsoft.ai/events/12796-oil-falls-to-nearly-6-month-lows-after-surprise-u-s-crude-gasoline-build.md) | -4.1% | -4.5% |
| DIESEL | 2018-11-27 | [National diesel average drops for sixth straight week, reports EIA - Logistics Management](https://feedsoft.ai/events/10262-national-diesel-average-drops-for-sixth-straight-week-reports-eia-logistics.md) | -0.1% | -10.3% |
| DIESEL | 2017-02-07 | [Diesel prices drop for fourth straight week, reports EIA - Logistics Management](https://feedsoft.ai/events/72661-diesel-prices-drop-for-fourth-straight-week-reports-eia-logistics-management.md) | -0.7% | -1.5% |
| DIESEL | 2018-11-20 | [Diesel average falls for fifth consecutive week, reports EIA - Logistics Management](https://feedsoft.ai/events/9535-diesel-average-falls-for-fifth-consecutive-week-reports-eia-logistics-management.md) | -9.6% | -15.8% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/input-prices/red-diesel-sheds-3p-litre-as-crude-hits-6-month-low

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