# After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves

> The DOE/EIA benchmark diesel price rose 2 cents to $3.914 a gallon, ending an eight-week decline. Brent settled at $81.07 after rising 10.7% from its December 12 low, led by crude rather than products.

- Date: 2023-12-26 · published 2023-12-26T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher crude and diesel benchmarks raise fuel surcharges and transport costs for feed mills and haulers, adding upward pressure on delivered feed costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-04-08 | [Benchmark diesel price heads higher; so do world oil markets - FreightWaves](https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves.md) | -0.2% | -9.5% |
| 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 | 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% |
| BRENT | 2025-01-21 | [Big jump puts benchmark diesel price back at August levels - FreightWaves](https://feedsoft.ai/events/26677-big-jump-puts-benchmark-diesel-price-back-at-august-levels-freightwaves.md) | -5.0% | -7.3% |
| BRENT | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.2% | -6.8% |
| WTI | 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) | +7.3% | +34.0% |
| WTI | 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) | +1.7% | -7.4% |
| WTI | 2024-04-08 | [Benchmark diesel price heads higher; so do world oil markets - FreightWaves](https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves.md) | -1.4% | -9.5% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher

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