Gasoline Prices

The new Short-Term Energy Outlook from the U.S. Energy Department’s Energy Information Administration says diesel fuel prices, which averaged $3.95 per gallon last summer, are projected to fall to an average of $3.88 per gallon this summer and move generally lower into 2014.

The average U.S. cost of diesel has dropped for the 10th week in a row, down 0.6 cents from last week, coming in at $3.845 per gallon, according to new figures form the U.S. Energy Department.

Another week and another decline in the price of fuel, with diesel hitting its lowest level since last August. New figures released by the U.S. Energy Department show the average retail cost is down 5.5 cents over the past week.

If a new U.S. Energy Department forecast holds true, diesel and gasoline prices during April through September should be the same as they were a year ago and will move lower into next year.

The average U.S. cost of diesel has moved 1.6 cents per gallon lower over the past week to $3.977. according to new figures released by the U.S. Energy Department. The decline is the sixth consecutive one and puts the fuel at its lowest point since late January.

The average U.S. cost of diesel has fallen below the $4 a gallon mark for the first time since January.

The average cost of diesel in the United State has fallen for the fourth straight week. A new U.S. Energy Department report shows it dropped 4.1 cents over the past week to $4.006 per gallon.

A new government report is predicting diesel prices will be lower than a previous forecast, due to an expected decline in the price of oil along with other factors. The U.S. Energy Department’s Short-Term Energy Outlook says after averaging $3.97 per gallon last year, on-highway diesel prices are expected to average $3.90 per gallon this year.

The U.S. Energy Department’s Energy Information Administration has released a new forecast in which it predicts diesel prices later this year will be lower than their current level.

In its Short-Term Energy Outlook report, the Energy Information Administration projects that Brent crude along with diesel prices will see a slight decrease in 2013 and 2014. EIA projects that the Brent crude oil spot price, which averaged $112 per barrel in 2012, will fall to an average of $105 per barrel in 2013 and $99 per barrel in 2014.