# Benchmark diesel price up slightly but futures are surging - FreightWaves

> The EIA average retail diesel price, the benchmark for most fuel surcharges, rose 2.4 cents to $4.028/gallon, its first increase after three weekly declines. Meanwhile CME ULSD futures jumped 17 cents over four days to a record gain for the period.

- Date: 2024-03-19 · published 2024-03-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31386-benchmark-diesel-price-up-slightly-but-futures-are-surging-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Retail prices lag futures, so surcharges are likely to rise further as wholesale diesel gains pass through. This raises freight costs for feed and grain shipments.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-up-slightly-but-futures-are-surging

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