Energy & Petrochemicals #diesel#futures
As diesel futures markets plummet, benchmark retail price rises
The DOE/EIA average retail diesel price rose for a fourth consecutive week to $5.348/g, even as CME ULSD futures plunged on expectations that the Strait of Hormuz will reopen. ULSD settled Monday at $3.8772/g, the lowest since July 13, and kept falling Tuesday. President Trump's call for lower pump prices faces a fragmented market where no single entity controls input costs.
Aug 4, 2026 1 source