{
  "id": 9156367,
  "title": "Benchmark diesel sets new record; futures signaling relief?",
  "url": "https://urgent.news/2026/09/22/benchmark-diesel-sets-new-record-futures-signaling-relief",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T14:20:20.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/benchmark-diesel-sets-new-record-futures-signaling-relief"
  },
  "original_language": "en",
  "account": "Dollar diesel prices have reached new heights, with the benchmark diesel price increasing 24.4 cents per gallon to $6.529 per gallon, according to the Department of Energy/Energy Information Agency. This all-time high marks the ninth increase in 11 weeks. Meanwhile, the futures market for diesel has reversed course, with ultra-low sulfur diesel (ULSD) settling at its lowest point in nearly a month. The CME commodity exchange's ULSD recorded a record high settlement of $5.262 per gallon on September 15, before falling to $4.8895 per gallon by Monday. The decline in diesel futures prices, along with drops in crude and gasoline futures, seems to be linked to recent reports of Saudi Arabia making progress in reworking its east-west crude pipeline and the possibility of diplomatic progress between Iran and the U.S. at the UN General Assembly. Market analysts admit they do not have a clear understanding of the endgame, leading to suggestions like halting U.S. diesel fuel exports. However, experts argue that such a ban could have negative consequences, including a loss of markets for refineries and increased prices for other refined products.",
  "summary": "The benchmark diesel price used for most fuel surcharges is up almost $2/gal since early July. The post Benchmark diesel sets new record; futures signaling relief? appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}