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Energy Secretary Chris Wright and President Trump at the White House in March. Photo: Andrew Caballero-Reynolds/AFP via Getty Images
The Energy Department's statistics arm on Wednesday sharply raised its forecast for U.S. diesel prices next year as tight global supplies keep domestic inventories unusually low.
Why it matters: The outlook suggests Americans could face elevated fuel costs well into 2027, as President Trump acknowled Wednesday that oil prices may not fall until after November's midterm elections.
