# Diesel and gas prices fall as summer ends, refinery premiums normalize | FleetOwner

> US diesel and gasoline prices kept falling in late August, with the EIA diesel average at $3.651 a gallon on August 26 after a seventh weekly decline. Diesel refinery premiums have returned to around $20 a barrel, near pre-pandemic levels. Crude oil was about $5 a barrel lower in August than in July.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29001-diesel-and-gas-prices-fall-as-summer-ends-refinery-premiums-normalize-fleetowner
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Normalizing refining margins and lower crude reduce energy and transport costs across the feed supply chain. The trend points to continued softness in fuel-linked costs unless crude rebounds.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- fleetowner.com: https://www.fleetowner.com/emissions-efficiency/fuel-economy/article/55135887/diesel-and-gas-prices-fall-as-summer-ends-refinery-premiums-normalize

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.