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EIA lifts retail diesel price outlook as AAA hits new record high

U.S. Energy Information Administration raised retail diesel price estimates for this year and next, citing tight global distillate supply supporting refinery margins. AAA reported a new record-high diesel pump price Wednesday.

S. Energy Information Administration raised its estimates for retail diesel prices this year and next, saying refinery margins for distillate fuels remain supported by tight global supply. AAA also reported a new record-high price for the fuel on Wednesday.