# Benchmark diesel price drop masks underlying strength in commodity markets - FreightWaves

> The DOE/EIA retail diesel benchmark fell for a ninth straight week to $4.909 a gallon. Meanwhile ULSD futures on CME rose in nine of the previous ten sessions, reaching $3.7762, as crude and gasoline fell.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40240-benchmark-diesel-price-drop-masks-underlying-strength-in-commodity-markets
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Rising futures diesel while retail falls suggests that fuel surcharges may soon turn higher. Diesel moves in turn affect feed freight costs.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/benchmark-diesel-price-drop-masks-underlying-strength-in-commodity-markets

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