?? DIESEL PRICES UPDATE: STABILITY OR SIGNS OF VOLATILITY?
?? The average diesel price in the U.S. rose slightly by 0.1 cents, reaching $3.540 per gallon in the week ending December 2, according to the U.S. Energy Information Administration (EIA). ?? Compared to the same period in 2023, prices have dropped 55.2 cents, bringing significant benefits to the transportation and logistics sectors.
?? Regional Diesel Price Trends:
?? East Coast: Increased by 0.4 cents to $3.597 per gallon.
?? Midwest: Dropped by 1 cent to $3.521 per gallon.
?? Gulf Coast: Posted the largest weekly rise of 2.4 cents, reaching $3.227 per gallon (the lowest nationwide).
?? West Coast: Fell by 1.3 cents to $4.164 per gallon.
?? California: Remains the highest at $4.652 per gallon but saw an 82.8-cent drop compared to last year.
?? Winter weather challenges in the Midwest and Northeast may increase heating fuel demand, disrupt supply chains, and indirectly impact diesel markets.
? Gasoline prices also saw a slight decline, down 1 cent to $3.034 per gallon.
?? Overall, diesel prices remain on a downward trend year-over-year, but seasonal weather and demand shifts could present potential risks.
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