# Benchmark diesel price reverses course in biggest 1-week drop in 10 months - FreightWaves

> The EIA weekly retail diesel average fell 7.8 cents to $3.553 a gallon, its largest one-week decline this year. ULSD futures rose slightly on speculation about Iran-Israel conflict, but the broader market reflected weaker supply and demand.

- Date: 2024-10-21 · published 2024-10-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28042-benchmark-diesel-price-reverses-course-in-biggest-1-week-drop-in-10-months
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Falling retail diesel reduces freight and fuel surcharge costs for feed ingredient logistics. The move was driven by futures unwinding war premiums.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-reverses-course-in-biggest-1-week-drop-in-10-months

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