# Benchmark diesel price makes atypical move upward - FreightWaves

> The DOE/EIA weekly average retail diesel price rose 3.5 cents to $3.863 a gallon, only the fourth increase in 17 weeks. The move came amid Red Sea shipping disruptions, but oil markets have resumed their decline.

- Date: 2024-01-17 · published 2024-01-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32304-benchmark-diesel-price-makes-atypical-move-upward-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The one-off increase is unlikely to change the downward trend in diesel-based freight costs. Red Sea concerns have not sustained a bullish move in crude.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-makes-atypical-move-upward

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