Browsing: US

Diesel prices remain elevated as tight US and European fuel supplies pressure markets. In the US, retail diesel averaged $5.257 per gallon on August 10, compared to $5.348 a week earlier. Prices remained significantly above the $4.578 average recorded on July 6. According to the U.S. Energy Information Administration, distillate inventories declined by 3.5 million barrels during the week ending July 31, dropping to 107.2 million barrels from 110.6 million a week prior. This level was 5.1% below the same period last year and 16.1% lower than the same period two years ago.