Reported 11 days ago
The benchmark diesel price in the U.S. has fallen to its lowest level in over three years, dropping 1.5 cents to $3.521 per gallon. This decline in prices comes amid discussions on the potential consequences of Donald Trump's reelection on the oil market, with analysts skeptical about any significant increase in production. Factors contributing to the decrease include a strengthening U.S. dollar and varied global demand forecasts. While some anticipate that a Trump administration may pressure prices due to economic slowdowns and trade tariffs, others see supportive policies for the industry.
Source: YAHOO