# Market Talk | Diesel Prices Smashed Their All-Time Record By 50 Cents/Gallon In The Overnight Session

> US diesel futures rose to a record intraday high of $4.67 a gallon on March 9, 2022, above the 2008 peak of $4.15, before plunging more than $1.30 and settling down 97 cents. The DOE reported bullish distillate inventory data, with US diesel stocks at an eight-year low of about 26 days of supply versus a seasonal average of 35 days.

- Date: 2022-03-10 · published 2022-03-10T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4720-market-talk-diesel-prices-smashed-their-all-time-record-by-50-cents-gallon-in
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight US distillate inventories and reduced refining capacity leave little cushion against supply shocks, which supports diesel prices and raises freight costs for feed deliveries. The sharp day-to-day swings make hedging costlier.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/diesel-prices-smashed-their-all-time-record-by-50-cents-gallon-in-the

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