# DOE/EIA price jumps another 40 cents, but commodity diesel markets are plunging - FreightWaves

> The EIA's weekly retail diesel price rose 40.1 cents to $5.25 per gallon, a record, but wholesale ULSD futures on the CME fell sharply. ULSD had hit a record settlement of $4.4373 and then dropped 97.3 cents after reports of possible ceasefire talks. The retail price was lagging the drop in futures.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5949-doe-eia-price-jumps-another-40-cents-but-commodity-diesel-markets-are-plunging
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Retail diesel is likely to fall as wholesale futures decline, which could ease freight and feed-delivery costs. Volatility remains high, so the outlook is uncertain.

## Read by commodity

- DIESEL: neutral

## Sources

- freightwaves.com: https://www.freightwaves.com/news/doe-eia-price-jumps-another-40-cents-but-commodity-diesel-markets-are-plunging

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