# DOE/EIA price drops; diesel futures up ahead of EU ban on Russian imports - FreightWaves

> The DOE/EIA retail diesel price fell 2.5 cents to $4.524 a gallon, while CME diesel futures rose ahead of the Feb. 5 EU ban on Russian diesel imports. Futures had risen seven straight sessions after a Jan. 4 low.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/37965-doe-eia-price-drops-diesel-futures-up-ahead-of-eu-ban-on-russian-imports
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The looming EU ban on Russian diesel is tightening global distillate supply and supporting futures. Higher diesel costs raise transport and feed-milling expenses.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.6% | -2.9% |
| DIESEL | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +4.9% | -0.9% |
| DIESEL | 2025-03-24 | [Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves](https://feedsoft.ai/events/25787-benchmark-diesel-price-up-first-time-in-3-weeks-futures-markets-edge-higher.md) | +0.5% | -6.1% |
| DIESEL | 2025-03-31 | [Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves](https://feedsoft.ai/events/25784-benchmark-diesel-price-up-for-second-straight-week-futures-markets-rise-sharply.md) | -7.6% | -3.9% |
| DIESEL | 2023-12-18 | [Diesel benchmark down again, futures markets up amid Red Sea tension - FreightWaves](https://feedsoft.ai/events/32876-diesel-benchmark-down-again-futures-markets-up-amid-red-sea-tension-freightwaves.md) | +1.0% | +1.3% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/doe-eia-price-drops-diesel-futures-up-ahead-of-eu-ban-on-russian-imports

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