Diesel Prices Drop Despite Fluctuating Futures Market

Reported about 2 months ago

In the past week, diesel futures have experienced significant volatility, yet the benchmark retail price for diesel has decreased, falling by 3.7 cents to $3.536 per gallon, the lowest since late September. The futures market saw a sharp initial decline followed by a rise, while retail prices lagged behind these changes. Key events influencing the market include geopolitical tensions and OPEC's production decisions, as well as varying projections for global oil demand.

Source: YAHOO

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