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US diesel prices to remain high through 2027, Energy Dept. warns

The U.S. Energy Department has significantly increased its forecast for diesel prices in 2027, now anticipating an average of $4.40 per gallon. This upward revision, an increase of 33 cents from the previous estimate, is attributed to persistently low domestic inventories and tight global supplies. These factors are exacerbated by ongoing geopolitical conflicts, including the war in Iran and disruptions to Russian refineries, which are impacting the availability of diesel fuel. AI

RANK_REASON Energy Department outlook revision on fuel prices. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on Axios Technology →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

US diesel prices to remain high through 2027, Energy Dept. warns

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Energy Department outlook revision on fuel prices. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. Axios Technology TIER_1 English(EN) · Rebecca Falconer ·

    Energy Department raises 2027 diesel price outlook by 33 cents amid Iran war

    <p>The <a href="https://www.axios.com/energy-climate" target="_blank">Energy</a> Department's statistics arm on Wednesday sharply raised its forecast for U.S. diesel prices next year as tight global supplies keep domestic inventories unusually low.</p><p><strong>Why it matters:</…