# After 4 increases, benchmark diesel price down third week in a row - FreightWaves

> The DOE/EIA average retail diesel price fell 1.1 cents to $3.768 a gallon, the third straight weekly decline after four increases. ULSD futures settled at $2.375 a gallon on Monday, the lowest since June 7 and about 26 cents below the July 3 high.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29462-after-4-increases-benchmark-diesel-price-down-third-week-in-a-row-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Benchmark diesel drives most fuel surcharges, so lower futures should ease freight and feed transport costs for buyers. Weak inventory draws point to continued softness in diesel prices.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/after-4-increases-benchmark-diesel-price-down-third-week-in-a-row

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