# Benchmark retail diesel price falls, but Israeli conflict boosts futures - FreightWaves

> The DOE/EIA retail diesel price fell 9.5 cents to $4.498 a gallon, while CME ULSD futures rose a combined 11.93 cents over two days after the Hamas attack on Israel. WTI and Brent each rose about 4.3% on the first day of the reaction.

- Date: 2023-10-10 · published 2023-10-10T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/33826-benchmark-retail-diesel-price-falls-but-israeli-conflict-boosts-futures
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Geopolitical risk lifted crude and diesel futures, which feed into wholesale fuel costs, though retail prices lag and fuel surcharges have not yet followed. The futures gains could eventually pass through to freight and farm fuel costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 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) | +1.6% | -2.9% |
| DIESEL | 2025-03-31 | [Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves](https://feedsoft.ai/events/25784-benchmark-diesel-price-up-for-second-straight-week-futures-markets-rise-sharply.md) | -7.6% | -3.9% |
| DIESEL | 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) | +4.9% | -0.9% |
| DIESEL | 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) | +0.5% | -6.1% |
| DIESEL | 2026-08-25 | [Benchmark diesel price is now highest since war began - FreightWaves](https://feedsoft.ai/events/18072-benchmark-diesel-price-is-now-highest-since-war-began-freightwaves.md) | +5.3% | +16.6% |
| WTI | 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) | +1.6% | -6.7% |
| WTI | 2025-03-31 | [Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves](https://feedsoft.ai/events/25784-benchmark-diesel-price-up-for-second-straight-week-futures-markets-rise-sharply.md) | -10.5% | -9.7% |
| 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% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-retail-diesel-price-falls-but-israeli-conflict-boosts-futures

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