# Diesel Prices Fall Below $5 a Gallon - TT

> US retail diesel fell to $4.98 a gallon on June 24 per AAA, the first drop below $5 since mid-March. Prices remain well above the $3.76 pre-war level due to Hormuz supply risks and tight inventories.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/19006-diesel-prices-fall-below-5-a-gallon-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Diesel remains elevated versus pre-war levels, keeping freight and processing costs high for feed buyers even as the trend eases.

## Read by commodity

- WTI: neutral
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-06-23 | [Benchmark diesel price falls below $5 per gallon - FreightWaves](https://feedsoft.ai/events/19007-benchmark-diesel-price-falls-below-5-per-gallon-freightwaves.md) | +7.4% | +33.6% |
| DIESEL | 2024-04-22 | [Benchmark diesel price below $4 again as war-led rally fizzles - FreightWaves](https://feedsoft.ai/events/30909-benchmark-diesel-price-below-4-again-as-war-led-rally-fizzles-freightwaves.md) | +0.3% | -2.3% |
| DIESEL | 2024-08-19 | [No war for now brings another drop in benchmark diesel price - FreightWaves](https://feedsoft.ai/events/28989-no-war-for-now-brings-another-drop-in-benchmark-diesel-price-freightwaves.md) | -0.7% | -9.6% |
| DIESEL | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +4.1% | +5.4% |
| DIESEL | 2020-03-09 | [The oil price war is on; what that means for buyers of diesel - FreightWaves](https://feedsoft.ai/events/54330-the-oil-price-war-is-on-what-that-means-for-buyers-of-diesel-freightwaves.md) | -17.1% | -21.9% |
| WTI | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -12.2% | -9.7% |
| WTI | 2025-12-03 | [Vegetable oil prices rose slightly after falling in the previous week](https://feedsoft.ai/events/11261-vegetable-oil-prices-rose-slightly-after-falling-in-the-previous-week.md) | -0.7% | -2.5% |
| WTI | 2026-04-06 | [OPEC+ to hike crude output: Will it make a difference to oil prices? \| Euronews](https://feedsoft.ai/events/19611-opec-to-hike-crude-output-will-it-make-a-difference-to-oil-prices-euronews.md) | -13.2% | -7.5% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/diesel-prices-fall-below-5

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