Diesel price pain seen easing as US EIA lowers 2023 oil, refined product price outlooks

US retail diesel prices are expected to fall next year from the highs seen in 2022 but continue to be relatively high as US distillate inventories remain at or near multi-year lows through the end of 2023, the US Energy Information Administration said Dec. 6. In its December Short-Term Energy Outlook, the EIA lowered its forecast for the average 2023…