# Benchmark diesel price below $4 again as war-led rally fizzles - FreightWaves

> The benchmark US diesel price fell to $3.992 a gallon, back below $4 for only the second time in 11 weeks. Brent settled near $87 a barrel as Iran-Israel tensions eased and the war premium faded.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/30909-benchmark-diesel-price-below-4-again-as-war-led-rally-fizzles-freightwaves
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A fading geopolitical premium lowers energy input costs for feed manufacturing and transport, and reduces pressure on fuel-linked freight.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-08-19 | [No war for now brings another drop in benchmark diesel price - FreightWaves](https://feedsoft.ai/events/28989-no-war-for-now-brings-another-drop-in-benchmark-diesel-price-freightwaves.md) | -1.2% | -9.9% |
| BRENT | 2020-03-09 | [The oil price war is on; what that means for buyers of diesel - FreightWaves](https://feedsoft.ai/events/54330-the-oil-price-war-is-on-what-that-means-for-buyers-of-diesel-freightwaves.md) | -27.3% | -36.6% |
| BRENT | 2023-02-21 | [Diesel price down, but impact of Russian sanctions may be lifting rates overall - FreightWaves](https://feedsoft.ai/events/37498-diesel-price-down-but-impact-of-russian-sanctions-may-be-lifting-rates-overall.md) | -1.3% | -11.8% |
| BRENT | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.1% | -8.0% |
| BRENT | 2026-09-30 | [More oil out of the Gulf translating to lower prices - FreightWaves](https://feedsoft.ai/events/17654-more-oil-out-of-the-gulf-translating-to-lower-prices-freightwaves.md) | +3.9% | +9.5% |
| DIESEL | 2026-06-23 | [Benchmark diesel price falls below $5 per gallon - FreightWaves](https://feedsoft.ai/events/19007-benchmark-diesel-price-falls-below-5-per-gallon-freightwaves.md) | +7.4% | +33.6% |
| DIESEL | 2024-08-19 | [No war for now brings another drop in benchmark diesel price - FreightWaves](https://feedsoft.ai/events/28989-no-war-for-now-brings-another-drop-in-benchmark-diesel-price-freightwaves.md) | -0.7% | -9.6% |
| DIESEL | 2020-03-09 | [The oil price war is on; what that means for buyers of diesel - FreightWaves](https://feedsoft.ai/events/54330-the-oil-price-war-is-on-what-that-means-for-buyers-of-diesel-freightwaves.md) | -17.1% | -21.9% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-below-4-again-as-war-led-rally-fizzles

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