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The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members Iran and Iraq bolster production while demand growth slows, according to the International Energy Agency.

The U.S. retail diesel average price fell for the 13th consecutive week, dropping 2.3 cents a gallon to $2.008 and setting a record low in the era of ultra-low-sulfur fuel, the Department of Energy reported.

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.

The U.S. retail diesel average price fell for the 12th consecutive week, dropping 4 cents a gallon to $2.031, less than 1 cent above the lowest price in the era of ultra-low-sulfur fuel, the Department of Energy reported.

A proposal by the Obama administration to get oil companies to pay a $10-per-barrel fee on oil is unlikely to get Republican support in Congress, transportation budget expert Jack Basso told Transport Topics.

President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

The U.S. average diesel retail price fell for the 11th consecutive week, dropping 4.1 cents a gallon to $2.071. That includes two regions that dropped below $2 a gallon for the first time in nearly seven years, the Department of Energy reported.

Mike Bertelsen, the Dickinson, North Dakota, terminal superintendent of regional Black Hills Trucking, said his branch of the company has felt the winds of change like many others in the region.