# TODAY IN ENERGY: U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine

> US ultra-low sulfur diesel futures averaged $0.50 a gallon below February 2022 levels as of May, having declined each month since January 2023. Europe replaced most Russian diesel imports, easing supply concerns.

- Date: 2023-06-20 · published 2023-06-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35679-today-in-energy-u-s-diesel-prices-have-fallen-below-prices-from-before-russia-s
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Diesel has fallen below pre-invasion levels, reducing energy and freight costs for feed production and distribution, which supports lower operating costs for feed makers.

## Read by commodity

- WTI: neutral
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-02-10 | [U.S. diesel prices drop as Europe's ban on Russian imports begins](https://feedsoft.ai/events/37497-u-s-diesel-prices-drop-as-europe-s-ban-on-russian-imports-begins.md) | -0.8% | -1.1% |
| DIESEL | 2020-03-23 | [U.S. diesel cash prices latest to slump from coronavirus fallout - Oil & Gas 360](https://feedsoft.ai/events/54334-u-s-diesel-cash-prices-latest-to-slump-from-coronavirus-fallout-oil-and-gas-360.md) | +6.2% | -11.8% |
| DIESEL | 2020-03-23 | [From Asia to the U.S., fuel prices pummeled by coronavirus fallout](https://feedsoft.ai/events/54329-from-asia-to-the-u-s-fuel-prices-pummeled-by-coronavirus-fallout.md) | +6.2% | -11.8% |
| DIESEL | 2025-04-30 | [Diesel Under Fire From Trump's Trade War \| Energy Intelligence](https://feedsoft.ai/events/25303-diesel-under-fire-from-trump-s-trade-war-energy-intelligence.md) | -5.0% | -1.5% |
| DIESEL | 2020-04-21 | [Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves](https://feedsoft.ai/events/53805-diesel-s-price-decline-tuesday-was-historic-crude-s-fall-sets-another-record.md) | -32.2% | +11.1% |
| WTI | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -1.5% | +5.3% |
| WTI | 2026-10-26 | [Rupee falls for third straight session, ends at 95.19 as oil prices and importer demand weigh](https://feedsoft.ai/events/17312-rupee-falls-for-third-straight-session-ends-at-95-19-as-oil-prices-and-importer.md) | -3.2% | — |
| WTI | 2022-06-14 | [Diesel prices: The loss of US refining capacity is making things worse - FreightWaves](https://feedsoft.ai/events/41119-diesel-prices-the-loss-of-us-refining-capacity-is-making-things-worse.md) | -8.6% | -19.2% |

## Sources

- ajot.com: https://www.ajot.com/news/today-in-energy-u.s-diesel-prices-have-fallen-below-prices-from-before-russias-invasion-of-ukraine

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