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Following record setting cold weather in parts of the U.S. the average cost of diesel has increased for the second straight week and hit its highest price since September, according to the U.S. Energy Department.
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The cost of diesel has increased 3.1 cents from a week ago, the first in three weeks, for an average of $3.904 per gallon, according to new figures from the U.S. Energy Department.
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After heading higher for three straight weeks, the average cost of diesel has fallen for the second consecutive week, according to the U.S. Energy Department.
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Despite record setting cold weather in the U.S. last week, which can send fuel and oil prices soaring, diesel and crude prices are down.
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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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Fuel prices in the future may not be as high as some earlier feared, according to updated projections for U.S. energy markets through 2040, but natural gas is expected to grow, just not as rapidly as earlier believed.
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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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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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