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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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With the sign-off of a judge on a settlement, the truckstop chain Pilot Flying J can finally start to close a chapter in a drama that’s been playing out since mid-April.
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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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Falling Brent crude oil prices has once again lowered the projected average price for diesel in 2014. The U.S. Energy Department’s Energy Information Administration’s new Short-Term Energy Outlook expects diesel fuel prices, which averaged $3.97 per gallon in 2012, are projected to average $3.91 per gallon in 2013 and $3.73 per gallon in 2014.
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Diesel prices continue to slide this week as the national average dropped to $3.83 per gallon, which is down 2.5 cents from last week and 14.8 cents from last year at this time.
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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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After a few weeks of relative quiet, things have started heating back up between Pilot Flying J and trucking companies that are suing the truckstop chain over allegations it cheated trucking companies out of fuel rebates.
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Figures released late Monday afternoon by the U.S. Energy Department show the cost of diesel is down 1.6 cents over the past week for a national average of $3.87 per gallon.
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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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