Reported 2 months ago
The benchmark retail diesel price has decreased for the fifth straight week, now averaging $3.755 per gallon after a 1.3 cent drop. This decline is modest, especially given recent significant drops in diesel futures prices, which show inconsistency between retail prices and market trends. While the oil market is facing various pressures, including geopolitical tensions, the overall supply outlook remains uncertain as analysts speculate about OPEC+'s potential production adjustments.
Source: YAHOO