# Benchmark retail diesel price sees another downturn - FreightWaves

> The DOE/EIA retail diesel price fell 4.7 cents to $3.779 a gallon, the second straight weekly drop. WTI settled below $80 a barrel for the first time since June 14 on weak demand signals and Chinese growth concerns.

- Date: 2024-07-22 · published 2024-07-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29464-benchmark-retail-diesel-price-sees-another-downturn-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling crude and diesel futures reduce fuel and transport costs for feed mills and livestock operations. Weak oil markets also weigh on biofuel economics and on vegetable oil prices.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-retail-diesel-price-sees-another-downturn

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