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U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.

President Joe Biden is preparing to announce a release of oil from the nation’s Strategic Petroleum Reserve in concert with several other countries as soon as Nov. 23, according to people familiar with the plan.

The U.S. average retail price of diesel slipped 1.9 cents to $3.047 a gallon, the Department of Energy reported Oct. 7, marking the third consecutive decline whereby the price has fallen 3.4 cents a gallon in the period.

The U.S. average retail price of diesel dropped 5.4 cents to $3.207 a gallon, the U.S. Energy Information Administration reported Dec. 3, as crude oil prices fluctuated but remained below $55 per barrel.

The U.S. average retail price of diesel dropped 2.1 cents to $3.317 a gallon Nov. 13 as the price of West Texas Intermediate crude oil fell to an 11-month low.

The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel.

Diesel prices continue to move higher, increasing 0.9 cent to $3.394 per gallon, according to the survey by the U.S. Department of Energy on Oct. 15.

The nationwide average price of diesel continued to climb last week, according to the Department of Energy’s weekly report released Sept. 24.

The nationwide average price of diesel fuel increased by one penny to $3.268 a gallon, the Department of Energy reported Sept. 17.

The U.S. average retail price of diesel inched up 0.6 cent to $3.258 a gallon, while crude oil prices fell amid questions over supplies in light of looming sanctions against Iran.