Diesel prices have been on a dynamic trajectory across key global markets, including the United States, China, and Europe in August. Each region has faced unique supply and demand challenges, contributing to distinct price movements. In the U.S., Diesel prices have continued to decline, aided by refinery premiums returning to pre-pandemic levels, after the anticipation of slightly inclining trend in August. Conversely, China has experienced a significant drop in Diesel demand due to economic headwinds and a shift towards LNG-powered trucks, while Europe has seen a surge in petroleum product exports amid fluctuating Diesel prices.
In the United States, Diesel prices have consistently fallen as the summer season winds down. The U.S. average price of on-highway Diesel fuel fell to USD x.xxx per gallon as of August xx, reflecting a decrease of x cents from the prior week. The decline has...
