# Diesel benchmark up for second straight week - FreightWaves

> The DOE/EIA weekly benchmark diesel price rose 3.4 cents to $3.769 a gallon, its second straight weekly gain. Brent futures climbed from about $77.50 on June 4 to over $86, and Philip Verleger attributed part of the move to Gunvor and Trafigura buying grades that feed the dated Brent assessment.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29969-diesel-benchmark-up-for-second-straight-week-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Fuel surcharges for freight and feed delivery track this benchmark, so rising diesel costs add to hauling expenses for feed buyers. The price rise appears driven by trading activity rather than a fundamental supply shortage, so it may reverse.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/diesel-benchmark-up-for-second-straight-week

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