“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.April 17, 2023
The national average price for diesel fell for a ninth consecutive week, slipping 2.3 cents to $4.105 a gallon, according to data released April 3 by the Energy Information Administration.April 3, 2023
The national average price for diesel marked its eighth consecutive weekly drop, shedding another 5.7 cents to dip to $4.128 a gallon, the Energy Information Administration reported.March 27, 2023
Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.
Oil tankers hauling fuels such as gasoline and diesel are poised for their biggest demand surge in three decades next year, with disruption to Russian oil flows boosting the distances vessels will have to sail.
The U.S. and Europe are struggling to make enough diesel to heat homes, a situation that looks set to become even more acute as winter approaches.