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The average price of diesel fuel finally fell last week, breaking a streak of steady increases that started in late February when the price of oil began to rally.
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The average price of diesel fuel in the U.S. remained mostly flat last week after more than a month of increases.
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The average price of diesel fuel increased last week, pushed upward by a rebounding crude oil market.
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The average price of diesel fuel continued to climb last week as a rebound in the crude oil market put upward pressure on energy costs. However, the trend may reverse, as Iran has vowed not to freeze its oil production output at current levels.
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Average prices for trucking’s main fuel along with those for gasoline and crude oil are all expected to remain low this year, according to the latest U.S. Energy Department Short-Term Energy Outlook, and aren’t expect to rise significantly next year.
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The price of a gallon of diesel fuel increased for the third straight week, once again rising above $2 per gallon.
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The price of diesel fuel at the pump increased for the second straight week, jumping a few tenths of a cent nationally.
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For the first time this year, the average price of diesel fuel increased slightly, driven by a rebound in crude oil prices on the stock market.
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The average price of on-highway diesel fuel fell below $2 for the first time since Feb. 14, 2005. Diesel prices came close to that mark in 2009 but never fell below it.
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The average price of a gallon of diesel fuel fell last week to a level that is 82 cents cheaper than a year ago.
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