Aug 13, 2024 - Business
"Muted" demand for diesel
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Diesel prices this week dropped to their lowest point since before Russia invaded Ukraine in February 2022.
Why it matters: Diesel prices factor directly into shipping costs, a significant driver of overall inflation.
Between the lines: "Muted" demand has led to declining prices, according to GasBuddy petroleum analyst Patrick De Haan.
- The average is down 13% from a year ago and down 36% from a high of $5.82 on June 17, 2022.
