As of Wednesday Apr 9, 2025: Pre-Dawn

Diesel fuel contracts of 42,000 gallons delivered to New York Harbor destinations is trading at long-term lows dating back to August 2021. The high end of the last year’s trade is about $2.80 per gallon.

Demand for gasoline and Diesel has continued to soften with economic slowdown in China, while supply has expanded. (See graphic below) Crude oil is 50% of the diesel price, the balance is refining, transport, and taxes. As an economic canary similar to copper prices, the current implication of lower fuel prices is global economic slowing.

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