US diesel hits two-month low as tensions ease, demand weakens
Diesel had surged as the US-Israeli war against Iran disrupted oil supplies and Ukraine's systematic attacks on Russian refineries stymied production.
US diesel prices settled below the $6 per gallon mark on average for the first time in two months, falling to $5.998 a gallon on Saturday, according to GasBuddy. This decline came after diesel had hit a record high of $6.519 just three weeks prior. The drop was attributed to easing geopolitical tensions, weaker demand, and seasonal factors, rather than measures introduced by the Trump administration to alleviate costs.
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- US diesel hits two-month low as tensions ease, demand weakens freemalaysiatoday.com
