World
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
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