# Benchmark diesel price heads higher; so do world oil markets - FreightWaves

> The DOE/EIA benchmark diesel price rose 6.5 cents to $4.061 a gallon, its largest weekly gain since February. Brent settled at $90.38 as Middle East supply tensions lifted oil markets.

- Date: 2024-04-08 · published 2024-04-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher diesel and crude costs raise fuel surcharges and transport costs for feed ingredients, and signal firmer energy costs across the feed chain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-02-24 | [For 7th straight week, benchmark diesel price is higher - FreightWaves](https://feedsoft.ai/events/20775-for-7th-straight-week-benchmark-diesel-price-is-higher-freightwaves.md) | +8.7% | +52.0% |
| DIESEL | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +4.9% | -0.9% |
| DIESEL | 2025-03-24 | [Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves](https://feedsoft.ai/events/25787-benchmark-diesel-price-up-first-time-in-3-weeks-futures-markets-edge-higher.md) | +0.5% | -6.1% |
| DIESEL | 2026-08-25 | [Benchmark diesel price is now highest since war began - FreightWaves](https://feedsoft.ai/events/18072-benchmark-diesel-price-is-now-highest-since-war-began-freightwaves.md) | +5.3% | +16.6% |
| DIESEL | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -3.9% | +1.5% |
| BRENT | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +2.7% | -6.4% |
| BRENT | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -4.5% | +1.4% |
| BRENT | 2019-09-16 | [Oil out of the gate: higher by 11-14% for key benchmarks, but diesel prices lag - FreightWaves](https://feedsoft.ai/events/5989-oil-out-of-the-gate-higher-by-11-14-for-key-benchmarks-but-diesel-prices-lag.md) | +6.6% | -0.3% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-heads-higher-so-do-world-oil-markets

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