# Diesel Prices Rebound After 8-Week Decline on Supply Concerns

> The benchmark diesel price rose 2 cents to $3.914 a gallon after eight weeks of declines. Brent broke above $80 a barrel, led by crude as geopolitical supply worries grew, while ULSD futures lagged.

- Date: 2023-12-27 · published 2023-12-27T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/32880-diesel-prices-rebound-after-8-week-decline-on-supply-concerns
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A turn higher in fuel benchmarks lifts surcharges and trucking costs for feed buyers, with crude strength signaling possible further upward pressure.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -5.7% | -24.9% |
| BRENT | 2024-01-03 | [Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya](https://feedsoft.ai/events/32314-oil-prices-settle-up-3-on-supply-concerns-after-oilfield-shutdown-in-libya.md) | +2.3% | +9.8% |
| BRENT | 2025-01-17 | [International Diesel Prices Surge After U.S. Sanctions on Russia \| OilPrice.com](https://feedsoft.ai/events/11455-international-diesel-prices-surge-after-u-s-sanctions-on-russia-oilprice-com.md) | -4.1% | -8.0% |
| BRENT | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +12.3% | +35.0% |
| BRENT | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -6.6% | -15.1% |
| DIESEL | 2025-01-17 | [International Diesel Prices Surge After U.S. Sanctions on Russia \| OilPrice.com](https://feedsoft.ai/events/11455-international-diesel-prices-surge-after-u-s-sanctions-on-russia-oilprice-com.md) | -3.6% | -5.3% |
| DIESEL | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +36.4% | +69.9% |
| DIESEL | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -3.9% | +1.5% |

## Sources

- ladingcargo.com: https://ladingcargo.com/blog/diesel-prices-rebound-after-8-week-decline-on-supply-concerns/

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