U.S. diesel prices fall below $6 a gallon to two-month low

U.S. diesel prices have fallen below $6 a gallon for the first time in over two months, reaching $5.998 per gallon according to GasBuddy. This decline is attributed to a drop in crude oil prices and reduced seasonal demand, which has eased pressure on fuel costs. The national average surpassed previous records set in 2022, reaching a peak of $6.519 per gallon in September before settling at the current level.

California saw particularly high prices, with diesel temporarily exceeding $10 per gallon due to limited refining capacity and stricter fuel specifications. The decrease in diesel prices has alleviated some inflationary pressures, impacting transportation, agricultural, and freight expenses.

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