# Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves

> The U.S. benchmark retail diesel price rose for a third straight week, to $3.602 a gallon. CME ULSD futures gained about 18 cents in three trading days after new sanctions on Russian oil shipping were announced by the U.S. and UK.

- Date: 2025-01-13 · published 2025-01-13T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The rise in the benchmark diesel price increases fuel surcharges and trucking costs for feed deliveries. The sanctions-driven futures rally suggests further upside if the supply concerns persist.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2025-01-15 | 5 | +11.3% | 3.2 | CME ULSD futures gained about 18 cents in three days after sanctions, confirming the futures-led price surge. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-03-31 | [Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves](https://feedsoft.ai/events/25784-benchmark-diesel-price-up-for-second-straight-week-futures-markets-rise-sharply.md) | -7.6% | -3.9% |
| DIESEL | 2025-03-24 | [Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves](https://feedsoft.ai/events/25787-benchmark-diesel-price-up-first-time-in-3-weeks-futures-markets-edge-higher.md) | +0.5% | -6.1% |
| DIESEL | 2023-12-18 | [Diesel benchmark down again, futures markets up amid Red Sea tension - FreightWaves](https://feedsoft.ai/events/32876-diesel-benchmark-down-again-futures-markets-up-amid-red-sea-tension-freightwaves.md) | +1.0% | +1.3% |
| DIESEL | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.6% | -2.9% |
| DIESEL | 2024-04-08 | [Benchmark diesel price heads higher; so do world oil markets - FreightWaves](https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves.md) | -1.9% | -10.7% |
| BRENT | 2023-12-18 | [Diesel benchmark down again, futures markets up amid Red Sea tension - FreightWaves](https://feedsoft.ai/events/32876-diesel-benchmark-down-again-futures-markets-up-amid-red-sea-tension-freightwaves.md) | +3.9% | +3.3% |
| BRENT | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.2% | -6.8% |
| BRENT | 2024-04-08 | [Benchmark diesel price heads higher; so do world oil markets - FreightWaves](https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves.md) | -0.2% | -9.5% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again

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