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US diesel below $6 a gallon at 2-month low on easing tensions, weaker demand

NEW YORK: US diesel prices fell below $6 a gallon on average on Saturday after two months above that threshold, retreating from record highs as easing geopolitical ​tensions and seasonal demand weakness reduce pressure on fuel markets. Diesel had surged ‌as the US-Israeli war against Iran disrupted oil supplies and Ukraine’s systematic attacks on Russian refineries stymied production. Elevated diesel prices, a key driver of transportation and freight costs, have boosted overall inflation, causin

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Originally published byBusiness Recorder 26m ago · brecorder.com
Read full report at Business Recorder

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