# Diesel prices drop by a penny per gallon, spot rates continue to slide | Overdrive

> The EIA reported the US national average diesel price fell 1 cent to $5.61 a gallon for the week ending May 16, with the Midwest and Gulf Coast declining while New England rose 9.2 cents. DAT spot truck rates continued to slide as load postings fell.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11772-diesel-prices-drop-by-a-penny-per-gallon-spot-rates-continue-to-slide-overdrive
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Softening diesel prices and falling spot truck rates reduce trucking costs for feed delivery. The easing trend is modestly bearish for feed transport costs.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- overdriveonline.com: https://www.overdriveonline.com/business/article/15292106/diesel-prices-drop-by-a-penny-per-gallon-spot-rates-continue-to-slide

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