# Truckers: Fill up your tank ASAP. Diesel could surge $.60 per gallon this week - FreightWaves

> Diesel prices could jump more than 20% overnight after drone strikes on Saudi Arabia removed nearly half of its oil production, about 5% of global supply. Oil futures opened Sunday evening with first trades up more than 20%. The national average ULSD truckstop price was $2.98 a gallon, and officials said restoration could take weeks.

- Date: 2019-09-16 · published 2019-09-16T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/5988-truckers-fill-up-your-tank-asap-diesel-could-surge-60-per-gallon-this-week
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A roughly 5% overnight global supply shock is historically large and pushes diesel and freight costs sharply higher. Fuel surcharges and hauling costs for feed and grain shipments would rise quickly.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-09-15 | 1 | +7.1% | 4.6 | Notes oil futures opened Sunday evening up more than 20% on the Saudi outage. |
| BRENT | 2019-09-16 | 1 | +11.7% | 4.6 | Shows futures opening more than 20% higher on the loss of nearly half of Saudi output, consistent with the supply shock. |
| DIESEL | 2019-09-15 | 1 | +5.3% | 4.7 | Notes oil futures opened Sunday evening sharply higher after the Saudi strikes, indicating the expected pass-through to diesel, but it is mostly forward-looking commentary. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-08-24 | [Diesel Prices Surge, Spot Rates Plunge: Why Trucking Costs Are Disconnected - FreightWaves](https://feedsoft.ai/events/18071-diesel-prices-surge-spot-rates-plunge-why-trucking-costs-are-disconnected.md) | -2.9% | +10.0% |
| DIESEL | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +4.9% | -0.9% |
| DIESEL | 2022-02-24 | [Ukraine fallout: Diesel surges more than crude before falling back - FreightWaves](https://feedsoft.ai/events/42892-ukraine-fallout-diesel-surges-more-than-crude-before-falling-back-freightwaves.md) | +25.9% | +47.7% |
| DIESEL | 2026-02-24 | [For 7th straight week, benchmark diesel price is higher - FreightWaves](https://feedsoft.ai/events/20775-for-7th-straight-week-benchmark-diesel-price-is-higher-freightwaves.md) | +8.7% | +52.0% |
| DIESEL | 2025-03-24 | [Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves](https://feedsoft.ai/events/25787-benchmark-diesel-price-up-first-time-in-3-weeks-futures-markets-edge-higher.md) | +0.5% | -6.1% |
| BRENT | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +2.7% | -6.4% |
| BRENT | 2019-11-30 | [FreightWaves oil report: here are the oil and diesel numbers that OPEC faces this week - FreightWaves](https://feedsoft.ai/events/56252-freightwaves-oil-report-here-are-the-oil-and-diesel-numbers-that-opec-faces.md) | +3.1% | +7.7% |
| BRENT | 2022-02-24 | [Ukraine fallout: Diesel surges more than crude before falling back - FreightWaves](https://feedsoft.ai/events/42892-ukraine-fallout-diesel-surges-more-than-crude-before-falling-back-freightwaves.md) | +18.2% | +27.0% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/truckers-fill-up-your-tank-asap-diesel-could-surge-60-per-gallon-by-monday-morning

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