# Benchmark diesel price down 8 cents; signs point to further declines - FreightWaves

> The EIA benchmark diesel price fell 8 cents to $5.233 per gallon, while CME ULSD futures settled at their lowest level since Oct. 3. The futures price has dropped in 11 of the last 12 trading days. The East Coast supply squeeze also appeared to be easing.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38875-benchmark-diesel-price-down-8-cents-signs-point-to-further-declines-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Falling futures and a broken price trend point to further retail diesel declines, which lowers trucking costs for feed. The implication is bearish for diesel.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-down-8-cents-signs-point-to-further-declines

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