# Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves

> Diesel and crude entered 2021 on a bullish run, with the EIA retail diesel price rising for nine straight weeks to $2.64 a gallon. The article expects pandemic-driven distortions, such as the crude-to-diesel spread swings seen in 2020, to ease. OPEC+ output restraint was cited as a market shock.

- Date: 2021-01-07 · published 2021-01-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves
- 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

Expected normalization of the crude-diesel spread and continued OPEC+ restraint point to firmer diesel costs, which feed buyers face in freight and processing.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | -0.4% | +7.0% |
| DIESEL | 2019-12-11 | [Reaction in the diesel market to IMO 2020 is still to come: Platts - FreightWaves](https://feedsoft.ai/events/55751-reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts-freightwaves.md) | +3.5% | -0.9% |
| DIESEL | 2019-03-18 | [The outlook of one energy economist for IMO2020: chaos in the diesel market - FreightWaves](https://feedsoft.ai/events/60275-the-outlook-of-one-energy-economist-for-imo2020-chaos-in-the-diesel-market.md) | -0.0% | +5.3% |
| DIESEL | 2022-06-14 | [Diesel prices: The loss of US refining capacity is making things worse - FreightWaves](https://feedsoft.ai/events/41119-diesel-prices-the-loss-of-us-refining-capacity-is-making-things-worse.md) | +1.9% | -13.9% |
| DIESEL | 2026-10-28 | [Diesel prices may stay elevated into spring 2027, fuel executives warn  - FreightWaves](https://feedsoft.ai/events/273-diesel-prices-may-stay-elevated-into-spring-2027-fuel-executives-warn.md) | -4.2% | — |
| WTI | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | +0.1% | +5.6% |
| WTI | 2021-10-25 | [DOE/EIA diesel price now up 30 cents in a month - FreightWaves](https://feedsoft.ai/events/44747-doe-eia-diesel-price-now-up-30-cents-in-a-month-freightwaves.md) | -0.9% | -9.7% |
| WTI | 2021-12-29 | [IPO flows to strengthen rupee in 2022; tighter policy likely dampener \| Top Stories on IPOs - Business Standard](https://feedsoft.ai/events/43896-ipo-flows-to-strengthen-rupee-in-2022-tighter-policy-likely-dampener-top.md) | +1.3% | +15.8% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap

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