US Diesel Prices Fall Under $5, Easing Inflationary Pressure (opens original article in a new tab)

US diesel prices dropped below $5 per gallon, offering relief after reaching a peak of $5.69 in April, with factors including reduced crude prices and increased tanker traffic through Hormuz contributing to the decline.

• US diesel prices fell below $5 per gallon for the first time since mid-March
• The national average retail price was $4.98 a gallon on Wednesday, down from a peak of $5.69 in April
• Crude prices have retreated, leading to lower diesel prices due to increased tanker traffic through Hormuz and sanctions relief for Iranian oil