# Upward move for DOE/EIA diesel price after three down weeks - FreightWaves

> The DOE/EIA weekly diesel price rose 1.5 cents to $3.339/gallon, the first rise in three weeks. Wholesale ULSD climbed after Hurricane Ida, and backwardation in the futures curve was flagged as a sign of tightening inventories.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45747-upward-move-for-doe-eia-diesel-price-after-three-down-weeks-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A firmer diesel benchmark and steep backwardation point to rising near-term fuel costs for hauling feed and grain. The move is a routine weekly data update tied to the storm.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/upward-move-for-doe-eia-diesel-price-after-three-down-weeks

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