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The Energy Department has increased its forecast for U.S. diesel prices in 2027 by 33 cents, now predicting an average of $4.40 per gallon. This adjustment is attributed to tight global supplies and low domestic inventories, with expectations of elevated fuel costs continuing into 2027. The report also highlights the impact of the ongoing Middle East conflict on oil supplies.
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The Energy Department has increased its forecast for U.S. diesel prices in 2027 by 33 cents, now predicting an average of $4.40 per gallon. This adjustment is attributed to tight global supplies and low domestic inventories, with expectations of elevated fuel costs continuing into 2027. The report also highlights the impact of the ongoing Middle East conflict on oil supplies.
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Energy Department raises 2027 diesel price outlook by 33 cents amid Iran war
Energy Department increases 2027 diesel price forecast by 33 cents