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Expect the cost of on-highway diesel to average $3.81 per gallon this year, 11 cents less than 2013’s average price. The new monthly U.S. Energy Department Short-Term Energy Outlook is calling for the price to be even less in 2015, averaging $3.72 per gallon.
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The average cost of diesel in the United States started off 2014 slightly higher than where it ended last year, according to a weekly U.S. Energy Department report and is also at its highest level since late September.
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Less than a week after the U.S. House passed the budget deal agreed upon by both chambers, the Senate on Wednesday passed the bill that outlines spending levels for two years by a vote of 64-36.
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The average cost of diesel has trickled down for a second straight week, according to new figures from the U.S. Energy Department.
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UPDATED -- A bipartisan federal budget deal reached Tuesday between members of the U.S. House and Senate to keep the federal government from shutting down, contains a little-known provision on drilling for oil and gas.
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No sooner than had the average cost of diesel fuel had started heading higher it has reversed course, according to new U.S. Energy Department figures.
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The average price of diesel continues moving higher, hitting its highest average cost since late October. The national average was up 3.9 cents from last week, to $3.883 per gallon, according to the U.S. Energy Department.
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The average cost of diesel has turned higher this week for the first time since the first of September while gasoline has increased for the second consecutive week.
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The average cost of fuel in the U.S. continues falling with diesel hitting its lowest price since early July.
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The average cost of diesel is down for the second straight week and is at it lowest level since early July.
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