# Weekly diesel average sees steepest decline since 2008 - Logistics Management

> The national diesel average fell 16.4 cents to $5.268 a gallon for the week of July 25, the steepest decline since October 2008. Prices have dropped 54.2 cents over five weeks from the all-time high of $5.81. WTI crude was trading near $95, down from about $102 a week earlier.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40685-weekly-diesel-average-sees-steepest-decline-since-2008-logistics-management
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling diesel and crude reduce transport and processing costs for feed ingredients and shift the energy input backdrop lower. The move follows the recession-driven crude sell-off, so it mainly reflects broader energy weakness rather than a grain-specific change.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- stage.logisticsmgmt.com: https://stage.logisticsmgmt.com/article/weekly_diesel_average_sees_steepest_decline_since_2008

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