# Drop in benchmark DOE/EIA diesel price is 2nd-biggest ever - FreightWaves

> The DOE/EIA benchmark retail diesel price fell 21.3 cents to $4.754 a gallon, the second-largest weekly drop in the series history. The price is at its lowest since March 7 and is down 58.4 cents from the Oct. 24 high. Retail prices are lagging a steep decline in wholesale and futures prices.

- Date: 2022-12-12 · published 2022-12-12T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/38426-drop-in-benchmark-doe-eia-diesel-price-is-2nd-biggest-ever-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A large retail decline lowers fuel surcharges and transport costs for feed buyers. The lag between wholesale and retail prices suggests the decline will continue.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/drop-in-benchmark-doe-eia-diesel-price-is-2nd-biggest-ever

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