Diesel Prices Plummet: A Sign of Relief for Fuel SurchargesThe price of diesel, a crucial factor in fuel surcharges, has experienced its most substantial two-week drop in two years. With a nine point three cents per gallon decrease this week, the benchmark price now stands at three dollars and sixty-six point five cents per gallon. This significant drop is mirroring the sharp decline in futures markets and is primarily due to the cost of diesel returning to more normal levels compared to crude oil. The last time we saw a similar single-week drop was almost exactly two years ago. This recent two-week slide of sixteen point six cents per gallon is the largest over that period. The increase in refinery production after fall maintenance is largely responsible for this positive change. Some experts even predict a potential oil surplus by 2026, suggesting a glut or a super glut in the market.

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