# DOE/EIA diesel price hits nearly 7.5-year high - FreightWaves

> The US DOE/EIA retail diesel benchmark rose 6.6 cents to $3.846 a gallon, its highest since August 2014, and is up 13.4 cents over four weeks. ULSD futures on CME rose sharply the prior week before easing on contract expiry.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/43333-doe-eia-diesel-price-hits-nearly-7-5-year-high-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Diesel is the benchmark for most trucking fuel surcharges, so the rise raises freight costs for feed deliveries. The widening crude-to-diesel spread also signals tight distillate supply.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/doe-eia-diesel-price-hits-nearly-7-5-year-high

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