# Benchmark diesel price falls below $4/gallon mark - FreightWaves

> The DOE/EIA benchmark diesel price fell 9.6 cents to $3.922 a gallon, dropping below $4 for the first time since February 2022. CME ULSD futures had rebounded 14.5 cents in three sessions before that Monday.

- Date: 2023-05-08 · published 2023-05-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36132-benchmark-diesel-price-falls-below-4-gallon-mark-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The retail benchmark moving under $4 lowers fuel surcharges for feed haulage. The futures rebound suggests the decline may not continue at the same pace.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-falls-below-4-gallon-mark

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