# DOE/EIA benchmark diesel price is highest in more than 7 years - FreightWaves

> The DOE/EIA benchmark diesel price for January 24 rose 5.5 cents to $3.78 a gallon, the highest since September 2014. Retail prices were catching up with earlier wholesale gains, while ULSD futures had slipped about 5 cents from the prior week.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43334-doe-eia-benchmark-diesel-price-is-highest-in-more-than-7-years-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher diesel raises the cost of hauling feed ingredients and finished feed, which can narrow buyer margins. The move reflects a retail catch-up rather than a new supply shock.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/doe-eia-benchmark-diesel-price-is-highest-in-more-than-7-years

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