# Big drop in diesel futures Monday, but benchmark price rises again - FreightWaves

> Diesel futures on the CME fell more than 55 cents per gallon on Monday, the largest one-day drop in the contract's history. The DOE/EIA average retail diesel price still rose 30.4 cents to $5.375 per gallon, its 10th straight weekly increase.

- Date: 2026-03-24 · published 2026-03-24T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/8538-big-drop-in-diesel-futures-monday-but-benchmark-price-rises-again-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Retail diesel is the basis for most freight fuel surcharges, so the lag between futures and pump prices keeps feed transport costs elevated even after a sharp futures selloff.

## Read by commodity

- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-05-26 | [OPEC cut unlikely to move U.S. diesel prices - FreightWaves](https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves.md) | -4.4% | -11.5% |
| DIESEL | 2026-07-22 | [U.S. refiners are ramping up diesel production - TT](https://feedsoft.ai/events/18537-u-s-refiners-are-ramping-up-diesel-production-tt.md) | +0.6% | +8.9% |
| DIESEL | 2025-06-25 | [Market Talk \| Energy Markets Stabilize as Ceasefire Holds and Risk Premiums Fade](https://feedsoft.ai/events/8641-market-talk-energy-markets-stabilize-as-ceasefire-holds-and-risk-premiums-fade.md) | +1.5% | +7.7% |
| DIESEL | 2025-06-12 | [Market Talk \| Biggest Rally of the Year Stalled Amid Middle East Tensions](https://feedsoft.ai/events/7759-market-talk-biggest-rally-of-the-year-stalled-amid-middle-east-tensions.md) | +15.5% | +8.7% |
| DIESEL | 2022-03-16 | [Oil dips on Russia-Ukraine talks, U.S. inventory data](https://feedsoft.ai/events/5995-oil-dips-on-russia-ukraine-talks-u-s-inventory-data.md) | +28.4% | +16.3% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/big-drop-in-diesel-futures-monday-but-benchmark-price-rises-again

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