# EIA sharply raises 2026-2027 diesel price forecast | Latest Market News

> The EIA raised its 2026-2027 US retail diesel price forecasts by 4.4% and 8.2%, to $5.07/USG and $4.40/USG, in its monthly Short Term Energy Outlook. The agency cited low inventories and strong global demand, and said distillate prices have risen sharply since late February amid a US-Iran conflict and Ukrainian drone strikes on Russian refineries.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/31383-eia-sharply-raises-2026-2027-diesel-price-forecast-latest-market-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A tighter global distillate market raises the cost of diesel for trucking and farm logistics, and higher energy costs feed into fertilizer and feed transport expenses. The forecast revision points to sustained upward pressure on diesel prices.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-01-29 | [EIA Increases 2025 USA Diesel Price Forecast \| Rigzone](https://feedsoft.ai/events/26678-eia-increases-2025-usa-diesel-price-forecast-rigzone.md) | +0.2% | -4.7% |
| DIESEL | 2020-05-28 | [EIA Gasoline and Diesel Retail Prices Update, May 27, 2020 - Fuels Market News](https://feedsoft.ai/events/53320-eia-gasoline-and-diesel-retail-prices-update-may-27-2020-fuels-market-news.md) | +9.7% | +21.9% |
| DIESEL | 2020-11-25 | [EIA Gasoline and Diesel Retail Prices Update, Nov. 24, 2020 - Fuels Market News](https://feedsoft.ai/events/4400-eia-gasoline-and-diesel-retail-prices-update-nov-24-2020-fuels-market-news.md) | -0.2% | +9.6% |
| DIESEL | 2022-11-03 | [EIA: What's Behind the Rapid Increases in Diesel Prices? - Fuels Market News](https://feedsoft.ai/events/7919-eia-what-s-behind-the-rapid-increases-in-diesel-prices-fuels-market-news.md) | +7.6% | -14.4% |
| DIESEL | 2019-05-21 | [EIA Gasoline and Diesel Retail Prices Update, May 21, 2019 - Fuels Market News](https://feedsoft.ai/events/7393-eia-gasoline-and-diesel-retail-prices-update-may-21-2019-fuels-market-news.md) | -4.0% | -12.0% |
| BRENT | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +1.2% | -6.6% |
| BRENT | 2024-03-25 | [EIA expects WTI to average nearly $85/bl in 2Q \| Latest Market News](https://feedsoft.ai/events/31371-eia-expects-wti-to-average-nearly-85-bl-in-2q-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2022-03-11 | [Global diesel shortage raises risk of oil price spike](https://feedsoft.ai/events/4721-global-diesel-shortage-raises-risk-of-oil-price-spike.md) | -1.7% | -10.5% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2875742-eia-sharply-raises-2026-2027-diesel-price-forecast

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