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Diesel market may need prices to stay high to offset new global crisis

August 22, 2022 Comments Off

The diesel crisis lies dormant. While prices have dropped from a March spike, record-low stocks, demand expected from the onset of winter, and the threat of a drop off in Russian supplies could all cause prices to erupt. Diesel prices may have fallen some 25% since hitting a record high March 8 amid growing demand destruction as the global economy…