# U.S. Diesel Futures Close at Record High as Shortage Deepens - Bloomberg

> Nymex ULSD futures settled at a record $4.4679 a gallon, surpassing the prior record set on March 8, when the US sanctioned Russian oil. Buyers in Latin America and elsewhere have increased demand for diesel, making it the world's most in-demand fuel.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/8167-u-s-diesel-futures-close-at-record-high-as-shortage-deepens-bloomberg
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight global diesel supply after Russia sanctions lifts diesel prices and raises fuel and freight costs for feed producers and haulers. Higher diesel also feeds into transport and processing costs across the feed chain.

## Read by commodity

- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-04-27 | 5 | +23.6% | 3.8 | ULSD futures settled at a record $4.4679 on April 26 amid deepening shortage and strong export demand, reflecting the supply squeeze driving the sharp gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-10-28 | [Diesel Prices Jump on Russia Sanctions and Refinery Outages - Bloomberg](https://feedsoft.ai/events/22594-diesel-prices-jump-on-russia-sanctions-and-refinery-outages-bloomberg.md) | -1.4% | -1.1% |
| DIESEL | 2022-03-24 | [Global diesel shortage pushes oil prices higher](https://feedsoft.ai/events/5943-global-diesel-shortage-pushes-oil-prices-higher.md) | -8.3% | -4.7% |
| DIESEL | 2023-09-13 | [Global diesel shortage boosts prices](https://feedsoft.ai/events/34293-global-diesel-shortage-boosts-prices.md) | +1.6% | -8.8% |
| DIESEL | 2024-02-12 | [Diesel: Fuel That Powers the Economy Flashes Supply Tightness in Europe - Bloomberg](https://feedsoft.ai/events/31855-diesel-fuel-that-powers-the-economy-flashes-supply-tightness-in-europe-bloomberg.md) | -4.9% | -10.0% |
| DIESEL | 2025-06-13 | [Diesel most exposed to Middle East conflict, US futures surge 8% \| Reuters](https://feedsoft.ai/events/7756-diesel-most-exposed-to-middle-east-conflict-us-futures-surge-8-reuters.md) | +15.6% | +11.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-26/u-s-diesel-futures-settle-at-record-high-as-shortage-deepens

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