US Gas Falls Below $4 for First Time Since July. Why Is Diesel Still Above $6?

US gas prices have fallen below $4 a gallon for the first time since July, AAA data show. The national average slipped to $3.98 on Tuesday, down about 17 cents in a week. Diesel has come down more slowly and still averages $6.13, according to GasBuddy. That gap could keep inflation pressure alive as the Federal Reserve weighs its December move. Why Diesel Is Slow to Follow Crude Lower Cheaper crude helped pull gasoline down. Brent briefly fell below $90 a barrel on Tuesday, a first since August. Hopes for an end to the nearly nine-month US conflict with Iran grew after Trump’s comments. Meanwhile, ING estimates Gulf crude exports have recovered to 80% to 85% of prewar levels. Seasonal patterns helped too, Bespoke Investment Group noted .

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