# Yesterday, Diesel Was $4.20. Now It’s $3.65. What Happened? - Mansfield Energy

> Diesel futures fell more than 50 cents per gallon on November 1, 2022, as the prompt contract rolled to December. The drop followed extreme backwardation in the expiring November contract, which had inflated prices for near-term delivery. Distillate inventories remained tight.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7916-yesterday-diesel-was-4-20-now-it-s-3-65-what-happened-mansfield-energy
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The roll shows the market expects somewhat better supply in December, which lowers near-term diesel and fuel-surcharge costs for buyers. Suppliers may hold back purchases until the new month, tightening physical supply in the interim.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-11-01 | 1 | -11.6% | -4.0 | The prompt-month contract rolled from November to December on Nov 1, and the extreme backwardation in the expiring contract disappeared, which mechanically produced a drop of more than 50 cents per gallon. |

## Sources

- mansfield.energy: https://mansfield.energy/2022/11/01/yesterday-diesel-was-4-20-now-its-3-65-what-happened/

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