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A new government forecast is calling for diesel prices to average just below the same level this year as it was in 2012 and ease a little further next year.
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Despite a recent run-up in the price of oil, the average cost of diesel over the past week is unchanged, according to the U.S. Energy Department.
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A Tennessee-based carrier is the latest to file a lawsuit against the truckstop chain Pilot Flying J while other legal wrangling continues.
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A Tennessee-based carrier is the latest to file a lawsuit against the truckstop chain Pilot Flying J while other legal wrangling continues.
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The average cost of diesel has posted its biggest increase since near mid-February and is around a five-month high, according to the U.S. Energy Department.
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Following indications the United States will launch a military strike against Syria, the price of oil has reached a more than two-year high.
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The average cost of diesel in the United States has increased for the second straight week, putting it just below where it was four weeks ago.
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Questions about the role of a key player in the litigation against Pilot Flying J prompted a strong rebuttal from the trucking company group. Lane Kidd, president of the Arkansas Trucking Association, said in a statement that he created National Trucking Financial Reclamation Services last April to seek justice for trucking companies that allegedly had been defrauded by Pilot Flying J.
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This week Pilot Flying J published an interview on its website with one of the attorneys representing the company, as the clock counts down toward key court dates in a settlement over allegations it withheld rebates and discounts on fuel.
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Just as soon at it looked like diesel was starting to trend lower it has done an about face. The average U.S. price has increased 0.4 cents per gallon over the past week, registering $3.90 per gallon.
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