# Energy Department Raises Diesel, Gasoline Price Forecasts | Heavy Duty Trucking

> The EIA Short-Term Energy Outlook raised its diesel and gasoline price forecasts, projecting Q2 diesel at $3.13 and a 2018 average of $3.12 a gallon. The revisions were attributed mainly to higher expected crude prices.

- Date: 2018-05-09 · published 2018-05-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/65186-energy-department-raises-diesel-gasoline-price-forecasts-heavy-duty-trucking
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A higher official forecast signals expected persistent energy cost increases for farm and feed transport. It reinforces upward pressure on fuel-linked costs.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-01-09 | [Diesel, Gasoline Prices Expected to Jump Less This Year \| Heavy Duty Trucking](https://feedsoft.ai/events/67182-diesel-gasoline-prices-expected-to-jump-less-this-year-heavy-duty-trucking.md) | +0.8% | -2.8% |
| DIESEL | 2024-03-25 | [EIA sharply raises 2026-2027 diesel price forecast \| Latest Market News](https://feedsoft.ai/events/31383-eia-sharply-raises-2026-2027-diesel-price-forecast-latest-market-news.md) | -0.9% | -3.5% |
| DIESEL | 2025-01-29 | [EIA Increases 2025 USA Diesel Price Forecast \| Rigzone](https://feedsoft.ai/events/26678-eia-increases-2025-usa-diesel-price-forecast-rigzone.md) | +0.2% | -4.7% |
| DIESEL | 2018-03-13 | [Diesel Prices To Rise, US Energy Dept. says - Tank Transport Trader](https://feedsoft.ai/events/66205-diesel-prices-to-rise-us-energy-dept-says-tank-transport-trader.md) | +2.6% | +11.1% |
| DIESEL | 2022-04-19 | [EIA expects summer U.S. real gasoline and diesel prices to be the highest since 2014 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/8172-eia-expects-summer-u-s-real-gasoline-and-diesel-prices-to-be-the-highest-since.md) | +5.7% | +12.9% |
| WTI | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +5.2% | +14.7% |
| WTI | 2022-04-19 | [EIA expects summer U.S. real gasoline and diesel prices to be the highest since 2014 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/8172-eia-expects-summer-u-s-real-gasoline-and-diesel-prices-to-be-the-highest-since.md) | -8.3% | +5.4% |
| WTI | 2018-11-01 | [Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts](https://feedsoft.ai/events/62705-resumption-of-iran-sanctions-adds-uncertainty-to-crude-oil-and-gasoline-price.md) | -5.6% | -21.2% |

## Sources

- truckinginfo.com: https://www.truckinginfo.com/news/energy-department-raises-diesel-gasoline-price-forecasts

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