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Tight Oil Market Pushes Diesel Prices Higher

Tight Oil Market Pushes Diesel Prices Higher

The increase in crude oil prices – and therefore diesel prices – is led by recovering demand and suppressed supply, the roll-out of the COVID-19 vaccine, and falling inventories, analysts say.

February 8, 2021

Oil Prices Rebound Since Late April, But Not in the Clear
Diesel Prices Continue to Decline, Following Ongoing Oil Drop
Pandemic Drop in Fuel Demand Triggers Historic Low Oil Futures

Pandemic Drop in Fuel Demand Triggers Historic Low Oil Futures

After West Texas International (WTI) crude prices almost ended last week with historic low of $17.31 per barrel before eventually settling at $18.27, the benchmark price for crude oil in the U.S. dropped to negative $37.63 late Monday.

April 21, 2020

Crude Oil, Fuel Prices on the Rise

Crude Oil, Fuel Prices on the Rise

U.S. diesel prices were up nearly 2 cents per gallon from a week ago and more than 6 cents per gallon compared to a year earlier, as crude oil prices rose to their highest since early July.

August 28, 2018

Diesel Fuel Prices Down as Questions Rise About Crude Oil Supplies
Energy Department Raises Diesel, Gasoline Price Forecasts
Diesel Prices Hit Highest Level Since 2014
Diesel, Gasoline Prices Expected to Jump Less This Year

Diesel, Gasoline Prices Expected to Jump Less This Year

The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.

January 9, 2018

Diesel Prices Hit Highest Point in Over 2 Years

Diesel Prices Hit Highest Point in Over 2 Years

The price of diesel fuel in the U.S. increased to its highest point since June of 2015. Crude oil prices also experienced a similar spike after news broke of a corruption scandal in Saudi Arabia.

November 6, 2017

Harvey Damage Raises Fuel Prices, Lowers Oil Prices
Forecast Calls for Continued Low Oil, Fuel Prices

Forecast Calls for Continued Low Oil, Fuel Prices

Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.

July 11, 2017

Diesel Prices Increase to Start the Month

Diesel Prices Increase to Start the Month

The price of diesel fuel in the U.S. increased for the first time in a month, ending a streak of three straight weeks of price drops, according to the latest numbers from the Energy Department

April 3, 2017

Diesel Prices Hit Lowest Point Since Mid-December
Diesel Prices Fall; U.S. Crude Production Slipped in 2016