# Diesel price down, but impact of Russian sanctions may be lifting rates overall - FreightWaves

> The DOE/EIA benchmark diesel price used for most fuel surcharges fell 6.8 cents to $4.376 per gallon, its third straight weekly decline. CME ULSD futures rose sharply on renewed focus on EU sanctions against Russian diesel, diverging from falling crude.

- Date: 2023-02-21 · published 2023-02-21T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/37498-diesel-price-down-but-impact-of-russian-sanctions-may-be-lifting-rates-overall
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Retail diesel is falling while futures are being lifted by sanctions, so freight surcharges may stay elevated despite the headline decline, supporting logistics costs for feed delivery.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-03-09 | [The oil price war is on; what that means for buyers of diesel - FreightWaves](https://feedsoft.ai/events/54330-the-oil-price-war-is-on-what-that-means-for-buyers-of-diesel-freightwaves.md) | -17.1% | -21.9% |
| DIESEL | 2024-04-22 | [Benchmark diesel price below $4 again as war-led rally fizzles - FreightWaves](https://feedsoft.ai/events/30909-benchmark-diesel-price-below-4-again-as-war-led-rally-fizzles-freightwaves.md) | +0.3% | -2.3% |
| DIESEL | 2026-06-23 | [Benchmark diesel price falls below $5 per gallon - FreightWaves](https://feedsoft.ai/events/19007-benchmark-diesel-price-falls-below-5-per-gallon-freightwaves.md) | +7.4% | +33.6% |
| DIESEL | 2024-08-19 | [No war for now brings another drop in benchmark diesel price - FreightWaves](https://feedsoft.ai/events/28989-no-war-for-now-brings-another-drop-in-benchmark-diesel-price-freightwaves.md) | -0.7% | -9.6% |
| DIESEL | 2026-09-30 | [More oil out of the Gulf translating to lower prices - FreightWaves](https://feedsoft.ai/events/17654-more-oil-out-of-the-gulf-translating-to-lower-prices-freightwaves.md) | -6.2% | -4.4% |
| WTI | 2020-03-09 | [The oil price war is on; what that means for buyers of diesel - FreightWaves](https://feedsoft.ai/events/54330-the-oil-price-war-is-on-what-that-means-for-buyers-of-diesel-freightwaves.md) | -23.0% | -31.2% |
| WTI | 2026-06-23 | [Benchmark diesel price falls below $5 per gallon - FreightWaves](https://feedsoft.ai/events/19007-benchmark-diesel-price-falls-below-5-per-gallon-freightwaves.md) | -7.8% | +8.3% |
| WTI | 2026-09-30 | [More oil out of the Gulf translating to lower prices - FreightWaves](https://feedsoft.ai/events/17654-more-oil-out-of-the-gulf-translating-to-lower-prices-freightwaves.md) | +0.1% | +8.9% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/diesel-price-down-but-impact-of-russian-sanctions-may-be-lifting-rates-overall

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