US diesel drops below 6 dollars a gallon
US diesel prices fell below 6 dollars a gallon on Saturday after two months above that threshold. The retreat follows easing geopolitical tensions and weaker seasonal demand. Crude oil prices have also declined over the past two weeks.
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United States diesel prices fell below $6 a gallon on Saturday after two months above that threshold, retreating as easing geopolitical pressures and seasonal demand weakness cooled fuel markets. The drop follows a surge driven by conflict involving Israel, Iran, Ukraine, and Russia. Elevated fuel costs have driven overall inflation, burdening consumers and contributing to political shifts in recent midterm elections.
