# Benchmark diesel down again as Saudi moves suggest there’s more declines to come - FreightWaves

> The benchmark retail diesel price fell 4.8 cents to $3.828 a gallon, the 13th decline in 16 weeks. Changes to Saudi official selling price formulas triggered a futures selloff, and the trend suggests further declines.

- Date: 2024-01-08 · published 2024-01-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32306-benchmark-diesel-down-again-as-saudi-moves-suggest-there-s-more-declines-to
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Falling diesel benchmarks reduce fuel surcharges and trucking costs for feed buyers. Saudi pricing moves signal continued pressure on crude.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-down-again-as-saudi-moves-suggest-theres-more-declines-to-come

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