# Benchmark diesel price rises, but futures prices now headed sharply lower - FreightWaves

> The DOE/EIA benchmark diesel price rose 4.7 cents to $3.631 a gallon, its fourth straight weekly gain. Meanwhile ULSD futures fell for a third day, dropping to their lowest since October 2 as Iran-Israel war premiums faded.

- Date: 2024-10-15 · published 2024-10-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28048-benchmark-diesel-price-rises-but-futures-prices-now-headed-sharply-lower
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Futures weakness signals that retail diesel will likely fall as the lag catches up, lowering freight costs for feed. The retail rise reflects earlier wholesale gains.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | +0.1% | +1.6% |
| DIESEL | 2023-03-20 | [Benchmark diesel price down 7 weeks in a row - FreightWaves](https://feedsoft.ai/events/37031-benchmark-diesel-price-down-7-weeks-in-a-row-freightwaves.md) | +0.8% | -2.0% |
| DIESEL | 2022-03-28 | [Up and down: DOE/EIA price way up, diesel futures plummet - FreightWaves](https://feedsoft.ai/events/9138-up-and-down-doe-eia-price-way-up-diesel-futures-plummet-freightwaves.md) | -18.2% | +0.1% |
| DIESEL | 2020-04-22 | [Oil’s collapse and its effect on diesel prices - FreightWaves](https://feedsoft.ai/events/53806-oil-s-collapse-and-its-effect-on-diesel-prices-freightwaves.md) | -15.4% | +28.7% |
| DIESEL | 2020-04-21 | [Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves](https://feedsoft.ai/events/53805-diesel-s-price-decline-tuesday-was-historic-crude-s-fall-sets-another-record.md) | -32.2% | +11.1% |
| BRENT | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | -3.3% | -0.3% |
| BRENT | 2023-03-20 | [Benchmark diesel price down 7 weeks in a row - FreightWaves](https://feedsoft.ai/events/37031-benchmark-diesel-price-down-7-weeks-in-a-row-freightwaves.md) | +3.2% | +18.3% |
| BRENT | 2021-07-21 | [RBI Intervention And Sharply Lower Oil Prices Halted The Rapid Rise In USD/INR \| Investing.com India](https://feedsoft.ai/events/46346-rbi-intervention-and-sharply-lower-oil-prices-halted-the-rapid-rise-in-usd-inr.md) | +7.2% | -0.7% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-rises-but-futures-prices-now-headed-sharply-lower

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