# Weekly DOE/EIA diesel price decline is biggest since 2008 - FreightWaves

> The EIA weekly US retail diesel average fell 16.4 cents to $5.268 a gallon, the largest one-week drop since October 2008. The price is now down 54.2 cents from the June 20 record of $5.81. ULSD futures on CME also fell sharply in the prior week before rebounding slightly on Monday.

- Date: 2022-07-25 · published 2022-07-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40683-weekly-doe-eia-diesel-price-decline-is-biggest-since-2008-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower diesel costs reduce freight and fuel-surcharge expenses for feed delivery and can ease cost pressure on feed mills and livestock producers. The decline reflects falling crude and recession worries, so it adds to bearish pressure on energy-linked commodities.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/weekly-doe-eia-diesel-price-decline-is-biggest-since-2008

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