Diesel futures market plunges, benchmark retail prices rise
2026-08-04 22:55:17
According to CoinMeta, despite the sharp decline in the diesel futures market, the benchmark retail price has seen an increase. According to data released by the Department of Energy/Energy Information Administration, the average retail diesel price on Monday was $5.348 per gallon, up 3.5 cents from last week. This is the fourth consecutive week that the benchmark price has risen, with a cumulative increase of 77 cents over that period. The increase occurred against the backdrop of a rapid decline in futures market prices, and the market responded positively to news of the re-opening of the Strait of Hormuz. Over the past three days, the prices of ultra-low sulfur diesel (ULSD) contracts on the CME commodity exchange have fluctuated sharply, falling by 3.68%, 2.09%, and 5.93% respectively. The settlement price on Monday was $3.8772 per gallon, the lowest since July 13.
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Source:Internet
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