Reported about 19 hours ago
The benchmark diesel price saw its largest increase since January, rising 10 cents per gallon to $3.571, attributed primarily to spikes in ultra-low sulfur diesel (ULSD) prices amid geopolitical tensions in the Middle East. While futures prices reacted quickly, retail prices lagged behind, with local conditions contributing to variances. The International Energy Agency also revised its 2025 oil demand growth estimate downward, signaling a shift in market dynamics as prices continue to climb.
Source: YAHOO