TopNews

Slight Uptick in Diesel Prices; Crude Continues Decline

June 13, 2011

SHARING TOOLS        | Print Subscribe
After several weeks of steady decline, on-highway diesel prices experienced a modest rise last week, the first in six weeks. The national average is up 1.4 cents to $3.954.


The diesel gain was only the second in the past two months. California has the most expensive prices at $4.245; the Gulf Coast was the cheapest at $3.896. Increases were not uniform, as New England and the Rocky Mountain region saw declines of 1.8 and 2.7 cents respectively.

Crude oil, which fell below the $100 per barrel mark last week, continued to decline. Crude oil for July delivery declined $1.99, or 2 percent, to settle at $97.30 a barrel on the New York Mercantile Exchange.

ADVERTISEMENT

The falling price is due at least in part to fears of a slow-down in the economic recovery, or a "double-dip" recession, as it is known. Adding to those fears is the recent announcement that Saudi Arabia will increase oil production in July.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine