# Commodity diesel prices bounce back, retail still reacting slowly - FreightWaves

> Ultra low sulfur diesel on the CME settled at $3.1001 a gallon on March 16, up 7.04 cents on the day after two sessions of sharp declines. Retail diesel prices lagged the drop in commodity and wholesale prices. President Biden criticized oil companies for not passing commodity declines through to pumps.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/42446-commodity-diesel-prices-bounce-back-retail-still-reacting-slowly-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Volatile wholesale diesel prices feed directly into trucking and farm delivery costs, and retail lag keeps fuel expenses elevated for feed haulers. The short-term rebound signals that the earlier sell-off was not a durable trend.

## Read by commodity

- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-03-21 | 5 | +26.2% | 4.7 | ULSD bounced from sharp declines on March 16, marking the low from which the window's gain is measured. |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/commodity-diesel-prices-bounce-back-retail-still-reacting-slowly

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