The average price of gasoline in the US was $3.28 on Monday, down seven cents from a week ago; diesel was at $3.85 and down from $3.87 a week ago.
Like gasoline, diesel has started to drop in prices in recent weeks. AAA thinks retail gasoline prices could drop another 15 to 20 cents by the end of the year.
Demand for diesel in global markets is expected to keep US gasoline prices down for a while. US refineries are processing a lot of diesel and exporting it to Europe and Latin America.
What are some of the implications tied into the fuel price forecasts? Check out three market trends that are thought to be influencing new and used vehicle sales demand, used vehicle prices, and what diesel prices mean for commercial and clean diesel passenger car sales.The Article Diesel Demand Helping Gasoline Prices Stay Down appeared first on Automotive Digest.