Diesel Prices Drop, Market Surplus Predicted
Update: 2025-12-17
Description
Diesel prices continue to plummet, with a 5.8 cent drop this week, marking the fourth consecutive week of decline. Futures prices also saw a significant drop, suggesting retail prices may still adjust downwards. The current retail price is at its lowest since June, potentially due to long-term forecasts predicting a growing supply-demand imbalance and market surplus. Crude oil benchmarks also dipped below $60 per barrel, the first time since February 2021, further indicating a potential oversupply in the market.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
