# Ukraine fallout: Diesel surges more than crude before falling back - FreightWaves

> Diesel futures jumped about 20% in early trading on February 24 after Russia invaded Ukraine, briefly topping $3 a gallon on CME. Brent rose about 8% at the open but later settled into a smaller gain, and diesel pulled back as reports suggested Russian gasoil exports were not disrupted.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/42892-ukraine-fallout-diesel-surges-more-than-crude-before-falling-back-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Russia is a major diesel exporter to Europe, so supply fears lift distillate prices sharply, and the spike in crude adds upward pressure on diesel and feed-transport costs.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-06-13 | [Diesel and crude spike higher on Israel attack, though no Iranian oil facilities impacted - FreightWaves](https://feedsoft.ai/events/7757-diesel-and-crude-spike-higher-on-israel-attack-though-no-iranian-oil-facilities.md) | +15.6% | +11.6% |
| DIESEL | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -9.7% | -2.8% |
| DIESEL | 2019-09-16 | [Truckers: Fill up your tank ASAP. Diesel could surge $.60 per gallon this week - FreightWaves](https://feedsoft.ai/events/5988-truckers-fill-up-your-tank-asap-diesel-could-surge-60-per-gallon-this-week.md) | +5.7% | +4.1% |
| DIESEL | 2026-08-24 | [Diesel Prices Surge, Spot Rates Plunge: Why Trucking Costs Are Disconnected - FreightWaves](https://feedsoft.ai/events/18071-diesel-prices-surge-spot-rates-plunge-why-trucking-costs-are-disconnected.md) | -2.9% | +10.0% |
| DIESEL | 2026-03-03 | [Diesel futures and retail prices power higher, outstripping gains in crude - FreightWaves](https://feedsoft.ai/events/5533-diesel-futures-and-retail-prices-power-higher-outstripping-gains-in-crude.md) | +17.7% | +50.3% |
| BRENT | 2017-05-26 | [OPEC cut unlikely to move U.S. diesel prices - FreightWaves](https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves.md) | -2.9% | -13.5% |
| BRENT | 2025-06-13 | [Diesel and crude spike higher on Israel attack, though no Iranian oil facilities impacted - FreightWaves](https://feedsoft.ai/events/7757-diesel-and-crude-spike-higher-on-israel-attack-though-no-iranian-oil-facilities.md) | +12.0% | -0.8% |
| BRENT | 2019-09-16 | [Truckers: Fill up your tank ASAP. Diesel could surge $.60 per gallon this week - FreightWaves](https://feedsoft.ai/events/5988-truckers-fill-up-your-tank-asap-diesel-could-surge-60-per-gallon-this-week.md) | +6.6% | -0.3% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ukraine-fallout-diesel-surges-more-than-crude-before-falling-back

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