For 7th straight week, benchmark diesel price is higher

After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.

• Dec 26, 2023After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves-3.9%
• Aug 25, 2026Benchmark diesel price is now highest since war began - FreightWaves+5.3%
• Mar 31, 2025Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves-7.6%
• Apr 8, 2024Benchmark diesel price heads higher; so do world oil markets - FreightWaves-1.9%
• Mar 24, 2025Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves+0.5%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Dec 26, 2023After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves-3.9%
• Mar 31, 2025Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves-10.5%
• Apr 8, 2024Benchmark diesel price heads higher; so do world oil markets - FreightWaves-1.4%
• Mar 24, 2025Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves+1.7%
• Sep 16, 2019Oil out of the gate: higher by 11-14% for key benchmarks, but diesel prices lag - FreightWaves+5.8%