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EIA Raises 2027 US Diesel Forecast to $5.03 per Gallon
The US Energy Information Administration (EIA) has raised its forecast for the 2027 US diesel price to $5.03 per gallon, up from $4.49 in its October forecast. This is an upward revision to the same annual forecast, driven by damaged refineries in the Middle East and Russia, which have reduced product exports. The EIA expects the price to fall to $5.25 per gallon in 2026, despite cheaper crude oil in 2027, attributed to supply constraints and refinery disruptions.