# Big jump puts benchmark diesel price back at August levels - FreightWaves

> The EIA weekly average US retail diesel price rose 11.3 cents to $3.715 per gallon, the highest since August. The increase followed a jump in ULSD futures driven by US sanctions on Russian oil shipping.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/26677-big-jump-puts-benchmark-diesel-price-back-at-august-levels-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher diesel raises transport and fuel surcharge costs for feed ingredients and grain moving by truck. The sanctions-driven rally adds upside risk to energy-linked feed costs.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-08-25 | [Benchmark diesel price is now highest since war began - FreightWaves](https://feedsoft.ai/events/18072-benchmark-diesel-price-is-now-highest-since-war-began-freightwaves.md) | +5.3% | +16.6% |
| DIESEL | 2026-02-24 | [For 7th straight week, benchmark diesel price is higher - FreightWaves](https://feedsoft.ai/events/20775-for-7th-straight-week-benchmark-diesel-price-is-higher-freightwaves.md) | +8.7% | +52.0% |
| 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% |
| DIESEL | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -3.9% | +1.5% |
| 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% |
| 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% |
| BRENT | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -4.5% | +1.4% |
| 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% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/big-jump-in-benchmark-diesel-price-puts-price-back-at-august-levels

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