# Small increase in DOE/EIA diesel price masks underlying volatility - FreightWaves

> The DOE/EIA weekly diesel price rose only 1.1 cents to $4.389 per gallon, after four prior weekly increases totaling 57.2 cents. Wholesale ULSD prices swung from $3.288 on Aug. 10 to $3.227 and back to $3.36 within days. Retail owners struggled with the rapid moves in wholesale prices.

- Date: 2023-08-21 · published 2023-08-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34778-small-increase-in-doe-eia-diesel-price-masks-underlying-volatility-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Volatile wholesale diesel affects the fuel surcharge benchmark that freight carriers pass on to feed buyers, adding cost uncertainty. The sharp swings show the market is still searching for direction.

## Read by commodity

- DIESEL: neutral

## Sources

- freightwaves.com: https://www.freightwaves.com/news/small-increase-in-doe-eia-diesel-price-masks-underlying-volatility

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