# Benchmark diesel price up, but futures markets take big downturn - FreightWaves

> The DOE/EIA benchmark diesel price rose 1.8 cents to $4.622 a gallon, its second straight weekly gain. CME ULSD futures, however, fell back to a $3.1108 settlement on Monday after peaking at $3.5509 on Jan. 23, and wholesale prices also slid.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37964-benchmark-diesel-price-up-but-futures-markets-take-big-downturn-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Futures leading lower points to softer diesel costs ahead, which eases freight and fuel-surcharge pressure on feed delivery. Retail prices are likely to follow the decline with a lag.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-up-but-futures-markets-take-big-downturn

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