Diesel Prices Drop, Oil Surplus Predicted
Update: 2025-11-25
Description
Diesel Prices Finally Decrease: A Shift in Market DynamicsAfter a month-long surge, diesel prices have started to drop, with the national average retail price now at $3.83 per gallon. This decrease follows a significant gap between crude oil and diesel prices, attributed to sanctions on Russian oil companies and tight global inventories. However, recent discussions on a potential peace plan in the Russia-Ukraine conflict and a narrowing price difference between immediate and future diesel contracts indicate a more balanced market. Despite models predicting an oil market surplus by 2026, current market prices have not fully reflected these forecasts.
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