# Biggest downward move in DOE/EIA diesel price since late March - FreightWaves

> The weekly DOE/EIA US retail diesel average fell 3.2 cents to $3.324 per gallon, its largest weekly decline since late March. On the same day, CME ultra-low sulfur diesel futures rose 5.08% to $2.0051 per gallon, the largest one-day gain since May 2020.

- Date: 2021-08-23 · published 2021-08-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11404-biggest-downward-move-in-doe-eia-diesel-price-since-late-march-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Wholesale diesel strength tends to feed through to pump prices and to the cost of hauling and processing feed ingredients. The divergence between retail and futures prices suggests pump prices may catch up with the futures move.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/biggest-downward-move-in-doe-eia-diesel-price-since-late-march

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