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Final government forecasts for diesel, gasoline and oil prices before 2017 gets underway are in with two of the three calling for double-digit percentage hikes compared to this year.
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The price of diesel fuel fell by a small amount for the fourth straight week, maintaining a downward trending, but nearly-flat pattern for the past month.
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Diesel and gasoline prices were up over the past week compared to the week before, according to weekly figures from the Department of Energy, but still lower than they were a year ago.
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A new government forecast is calling for double-digit gains in diesel prices next year, although gasoline is expected increase by only half as much.
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The average price of diesel fuel increased once again last week continuing a streak of price hikes that began in February.
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The price of diesel fuel increased for the third week in a row, hitting an average price of $2.198 per gallon.
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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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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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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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