# Diesel Benchmark Drops 16.5 Cents as Middle East War Premium Evaporates

> The DOE/EIA national retail diesel average fell 16.5 cents to $6.127 per gallon, its second straight weekly decline and the lowest since October 12. CME diesel futures fell from $4.4216 on November 1 to $4.2148 on Monday, and Brent dropped from $104.77 to about $92.57 per barrel over the same period. The moves followed a Democratic sweep in the midterm elections and expectations of less Middle East military escalation.

- Date: 2026-11-11 · published 2026-11-12T00:11:39.015Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/94384-diesel-benchmark-drops-16-5-cents-as-middle-east-war-premium-evaporates
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower diesel and crude prices reduce fuel and freight costs for feed ingredient logistics and farm operations, easing pressure on feed production costs. The retreat is tied to war-risk premium unwinding, so it could reverse if Middle East tensions return.

## Read by commodity

- BRENT: bearish ▼
- 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 | 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 | 2023-02-10 | [U.S. diesel prices drop as Europe's ban on Russian imports begins](https://feedsoft.ai/events/37497-u-s-diesel-prices-drop-as-europe-s-ban-on-russian-imports-begins.md) | -0.8% | -1.1% |
| DIESEL | 2019-12-30 | [Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin - TT](https://feedsoft.ai/events/55746-diesel-prices-remain-stable-as-imo-2020-mandate-set-to-begin-tt.md) | -1.0% | -16.4% |
| 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% |
| BRENT | 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) | +3.2% | +18.3% |
| BRENT | 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) | -3.3% | -0.3% |
| BRENT | 2023-07-01 | [Oil drops 1.5% as Fed projects more rate hikes this year](https://feedsoft.ai/events/35655-oil-drops-1-5-as-fed-projects-more-rate-hikes-this-year.md) | +5.2% | +13.4% |

## Sources

- carrieratlas.com: https://carrieratlas.com/news/diesel-benchmark-drops-16-5-cents-as-middle-east-war-premium-evaporates

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