Reported 1 day ago
The benchmark diesel price used for fuel surcharges experienced its largest weekly drop in nearly two months, falling to $3.711 per gallon, the lowest since late August. This decline follows a period of lower prices in the futures market and speculation about an impending oil surplus in 2026. OPEC+ plans to slightly increase output, but concerns about its capacity to meet demand are contributing to market volatility. Analysts suggest that the current market structure will need to change to accommodate excess oil supplies.
Source: YAHOO