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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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After falling for five straight weeks the average cost of diesel remains the same this week from the week before, according to the U.S. Energy Department, the lowest price since mid-June.
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