# Benchmark diesel price declines as futures oddly tick up - FreightWaves

> The EIA benchmark diesel price fell 4.2 cents to $5.571 a gallon on May 23 even as CME ULSD futures rose 2.97 cents. Analysts suspected a possible short squeeze ahead of the June contract's expiry.

- Date: 2022-05-23 · published 2022-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41588-benchmark-diesel-price-declines-as-futures-oddly-tick-up-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A divergence between futures and retail diesel signals volatility in trucking fuel costs, which feeds into delivered feed prices. Futures firmness suggests the retail decline may not hold.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/doe-eia-benchmark-diesel-price-declines-as-futures-oddly-tick-up

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