# Diesel Prices Slide to Summer Lows Amid Global Supply Glut

> US retail diesel prices fell to $3.789 a gallon, the lowest since July 2023, after six straight weekly declines. CME ULSD futures settled at $2.4871, with physical markets weakening faster than futures amid a global supply glut.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30453-diesel-prices-slide-to-summer-lows-amid-global-supply-glut
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Persistent weakness in physical diesel and retail pump prices lowers fuel and freight costs for feed buyers, with the supply glut suggesting limited near-term support.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- ladingcargo.com: https://ladingcargo.com/blog/diesel-prices-slide-to-summer-lows-amid-global-supply-glut/

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