Diesel Prices man

Diesel prices averaged USD 3.81 per gallon in July, up 13.4% from June. On 31 July, the commodity traded at USD 4.11 per gallon, up 25.7% from 30 June.

After falling for three months, diesel’s price premium vs crude hit a record high in July, as roughly 10% of refining capacity was hit by the Iran war, strikes on Russian refineries and China’s export ban. Diesel prices rose about twice as quickly as gasoline prices, with inventories falling further below seasonal norms.