# Will diesel fuel prices go up with Russia's invasion of Ukraine? | Commercial Carrier Journal

> Commercial Carrier Journal reports the US national average on-highway diesel price topped $4 a gallon in February for the first time in almost eight years. Goldman Sachs moved its $125/bbl crude forecast forward to summer 2022 after Russia's invasion of Ukraine, and analysts expect wide refining margins.

- Date: 2022-02-26 · published 2022-02-26T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/42899-will-diesel-fuel-prices-go-up-with-russia-s-invasion-of-ukraine-commercial
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude and wide diesel refining margins keep fuel and freight costs high for feed buyers, with the Ukraine conflict adding to the supply risk premium.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-01-17 | [International Diesel Prices Surge After U.S. Sanctions on Russia \| OilPrice.com](https://feedsoft.ai/events/11455-international-diesel-prices-surge-after-u-s-sanctions-on-russia-oilprice-com.md) | -3.6% | -5.3% |
| DIESEL | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -3.6% | -5.3% |
| DIESEL | 2022-03-04 | [Crude oil prices rise above $100 per barrel after Russia’s further invasion into Ukraine -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/9458-crude-oil-prices-rise-above-100-per-barrel-after-russia-s-further-invasion-into.md) | -5.5% | +2.4% |
| DIESEL | 2023-01-17 | [DOE/EIA price drops; diesel futures up ahead of EU ban on Russian imports - FreightWaves](https://feedsoft.ai/events/37965-doe-eia-price-drops-diesel-futures-up-ahead-of-eu-ban-on-russian-imports.md) | +8.6% | -11.9% |
| DIESEL | 2025-10-28 | [Diesel Prices Jump on Russia Sanctions and Refinery Outages - Bloomberg](https://feedsoft.ai/events/22594-diesel-prices-jump-on-russia-sanctions-and-refinery-outages-bloomberg.md) | -1.4% | -1.1% |
| WTI | 2022-03-04 | [Crude oil prices rise above $100 per barrel after Russia’s further invasion into Ukraine -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/9458-crude-oil-prices-rise-above-100-per-barrel-after-russia-s-further-invasion-into.md) | -1.6% | -6.7% |
| WTI | 2022-03-17 | [The Invasion of Ukraine is Accelerating the Supercycle in Commodities \| Goldman Sachs](https://feedsoft.ai/events/9948-the-invasion-of-ukraine-is-accelerating-the-supercycle-in-commodities-goldman.md) | +21.1% | +9.8% |
| WTI | 2022-03-21 | [U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting \| Financial Post](https://feedsoft.ai/events/6241-u-s-wheat-corn-soy-rally-on-concerns-about-ukraine-russia-fighting-financial.md) | +10.3% | +3.4% |

## Sources

- ccjdigital.com: https://www.ccjdigital.com/economic-trends/article/15289021/will-diesel-fuel-prices-go-up-with-russias-invasion-of-ukraine

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