# Diesel Prices Have Softened Significantly as the Risk Premium has Dwindled - HedgeStar

> Prompt NYMEX diesel averaged $2.39 a gallon in June, more than 20% below December 2022's average. Analysts say low inventories have not caused sustained shortages, and prompt ULSD settled at $2.5514 on June 16.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35668-diesel-prices-have-softened-significantly-as-the-risk-premium-has-dwindled
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Diesel prices are reverting from 2022 highs, lowering freight and feed transport costs. Analysts warn tighter cracks could return if crude rallies in the second half.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- hedgestar.com: https://hedgestar.com/single-post/2023/06/27/diesel-prices-have-softened-significantly-as-the-risk-premium-has-dwindled/

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