# Jump in key diesel price brings gains to more than 70 cents since July 3 - FreightWaves

> The DOE/EIA weekly retail diesel average rose 8.6 cents to $4.475 per gallon, its seventh increase in eight weeks. The benchmark is up 70.8 cents since July 3. Futures for ULSD fell sharply on the same day after a Louisiana refinery recovered from a fire, easing supply concerns.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34775-jump-in-key-diesel-price-brings-gains-to-more-than-70-cents-since-july-3
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Retail diesel sets most trucking fuel surcharges, so the rising benchmark increases hauling costs for feed and grain. The futures drop suggests the supply scare is fading, which could limit further gains.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/jump-in-key-diesel-price-brings-gains-to-more-than-70-cents-since-july-3

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