# Up and down: DOE/EIA price way up, diesel futures plummet - FreightWaves

> The DOE/EIA retail diesel average rose 5.1 cents to $5.185 per gallon, the second-highest on record. ULSD futures fell 33.12 cents in one day, the second-largest drop in the contract's history, as COVID lockdowns in China raised demand concerns.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9138-up-and-down-doe-eia-price-way-up-diesel-futures-plummet-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Falling futures on weaker Chinese demand point to lower near-term diesel costs, though retail prices remain elevated. Feed buyers face continued freight and processing cost volatility.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-03-20 | [Benchmark diesel price down 7 weeks in a row - FreightWaves](https://feedsoft.ai/events/37031-benchmark-diesel-price-down-7-weeks-in-a-row-freightwaves.md) | +0.8% | -2.0% |
| DIESEL | 2020-04-22 | [Oil’s collapse and its effect on diesel prices - FreightWaves](https://feedsoft.ai/events/53806-oil-s-collapse-and-its-effect-on-diesel-prices-freightwaves.md) | -15.4% | +28.7% |
| DIESEL | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | +0.1% | +1.6% |
| DIESEL | 2024-10-15 | [Benchmark diesel price rises, but futures prices now headed sharply lower - FreightWaves](https://feedsoft.ai/events/28048-benchmark-diesel-price-rises-but-futures-prices-now-headed-sharply-lower.md) | -5.4% | -3.8% |
| DIESEL | 2020-04-21 | [Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves](https://feedsoft.ai/events/53805-diesel-s-price-decline-tuesday-was-historic-crude-s-fall-sets-another-record.md) | -32.2% | +11.1% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/up-and-down-doe-eia-price-way-up-diesel-futures-plummet

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