# Diesel futures show signs of fierce market squeeze, driving prices higher - FreightWaves

> The DOE/EIA weekly retail diesel price rose 5.9 cents to $5.16 a gallon, the third-highest in the series. ULSD futures jumped 3.87% to $4.0909 on a day when crude fell, widening the Brent-ULSD spread to about $69.50 a barrel as traders struggled to find barrels ahead of expiry.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/8170-diesel-futures-show-signs-of-fierce-market-squeeze-driving-prices-higher
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A short squeeze on diesel futures, with crude falling, signals a physical shortage that raises diesel costs independent of crude and feeds into freight surcharges for feed deliveries.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-04-27 | 5 | +23.6% | 3.8 | On April 25 ULSD jumped 3.87% while crude fell, with the Brent-ULSD spread widening as traders struggled to find barrels ahead of expiry, indicating a physical squeeze. |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/diesel-futures-show-signs-of-fierce-market-squeeze-driving-prices-higher

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