US Gas Falls Below $4 for First Time Since July. Why Is Diesel Still Above $6?
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US gasoline prices fell below $4 a gallon for the first time since July, with the AAA national average dropping to $3.98 on Tuesday, down about 17 cents over the past week. Diesel has declined more slowly and still averages $6.13 a gallon, according to GasBuddy, leaving a wide spread between the two fuels. The divergence matters because diesel feeds freight and industrial costs, so its slower retreat could keep broader inflation pressure alive even as pump prices for regular gas ease. What to watch next is whether diesel catches up as refining margins and distillate supply adjust, or whether the gap persists and continues to prop up transport-driven price pressures.
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GasBuddy, AAA