# One-day commodity diesel price decline greatest in more than 30 years - FreightWaves

> ULSD diesel futures on the CME fell 28.85 cents per gallon on Friday, November 26, 2021, settling at $2.0945. The drop came as oil and equity markets sold off on fears about a new coronavirus variant, and it was among the largest single-day declines in the contract's history.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7075-one-day-commodity-diesel-price-decline-greatest-in-more-than-30-years
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

ULSD is the basic building block for wholesale diesel and therefore retail trucking fuel costs, so a sharp futures drop lowers diesel-linked expenses for feed transport, though the move reflects demand fear rather than supply change.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2021-12-01 | 5 | -13.2% | -4.2 | ULSD futures fell 28.85 cents on Nov 26, one of the largest single-day drops in the contract's history, which accounts for most of the 5-day decline. |
| DIESEL | 2021-11-26 | 1 | -6.2% | -4.5 | It documents the ULSD futures drop of 28.85 cents to $2.0945 on Nov 26, the move being explained, which was driven by the oil and equity sell-off on variant fears. |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/one-day-commodity-diesel-price-decline-greatest-in-more-than-30-years

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