# Tale of two markets: DOE/EIA diesel is up, CME diesel is way down - FreightWaves

> The DOE/EIA weekly retail diesel average rose 0.6 cents to $3.344 a gallon, its 12th straight weekly increase and the highest since December 2014. On the same day, ULSD futures fell 12.81 cents to $1.9852, a 6.06% drop, amid a broad sell-off in financial assets tied to the Delta variant and OPEC+ output news.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6946-tale-of-two-markets-doe-eia-diesel-is-up-cme-diesel-is-way-down-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Retail diesel lags wholesale futures, so the sharp futures drop points to lower fuel surcharge and input costs ahead, even as retail prices remain elevated.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2021-07-18 | 1 | -3.1% | -3.6 | Describes a sharp ULSD futures sell-off on Delta variant demand fears and OPEC+ output news, a sentiment and demand shock matching the move, though the dated 7/19 drop (-6.06%) differs from the stated window ending 7/18 so timing is imperfect. |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/tale-of-two-markets-doe-eia-diesel-is-up-cme-diesel-is-way-down

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