Bitcoin’s rate-cut hopes face a $5 diesel problem in 2027

The US Energy Information Administration raised its forecast for next year’s retail diesel price by 12%, reducing the fuel-cost relief it previously expected. That leaves less room for falling fuel costs to cool inflation and bring the lower interest rates that could help Bitcoin, even as the agency projects cheaper crude in 2027. The EIA’s November 10 outlook puts the 2027 US diesel average at $5.03 a gallon, up from $4.49 in its October 6 forecast. That is an upward revision to the same annual forecast, rather than a 12% increase in observed pump prices. Diesel is still projected to fall from a forecast $5.25 average in 2026. EIA also expects Brent crude to average $86 a barrel in 2027, down from a projected $97 this year.

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