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The agency now expects retail diesel to average $4.40 a gallon next year, up from a prior forecast of $4.07
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The U.S. Energy Information Administration raised its 2027 retail diesel price forecast by 8.2% on Wednesday, citing falling domestic inventories driven by tight global distillate supplies.
In its September Short-Term Energy Outlook, EIA projected retail diesel will reach an average of $4.40 a gallon in 2027, a 33-cent increase from its prior forecast of $4.07. EIA also raised its 2026 retail diesel price forecast by 4.4%, to $5.07 a gallon from $4.85.
