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Diesel price drop, rising inventories suggest East Coast relief possible

May 18, 2022

Diesel consumers on the East Coast received some news Wednesday that may suggest an easing of the tight physical market squeeze in the region.

There have been head fakes suggesting a softening of markets in the weeks since the East Coast diesel market ran away from the rest of the country. But they proved short-lived, as the weekly national average retail diesel price published Monday by the Energy Information Administration was $5.613 a gallon. The East Coast price was 33.1 cents more than that after a three-week increase that took the spread from 4.9 cents on April 25 up to 19.2 cents the following week and 28.4 cents a week later before the latest jump.

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