Reported about 4 hours ago
The benchmark price for diesel has risen for the second consecutive week, increasing by 3.5 cents per gallon to $3.753. This surge comes as diesel inventories decline, contrary to typical seasonal trends. The market is showing signs of tightening, with the price of ultra low sulfur diesel outperforming Brent crude, indicating unique market pressures rather than a surge in crude prices. With inventories at lower levels than historical norms, consumers may need to prepare for potential price increases, especially as winter approaches.
Source: YAHOO