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The U.S. Energy Department has downwardly revised its expectations for on-highway diesel prices this year, but expects prices to move higher in 2016.
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Freightliner introduced attendees at the 2015 Mid-America Trucking show to its 12.2 mpg SuperTruck. Photos: Stephane Babcock
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Despite the first upturn since November in average diesel prices this week, expect prices to move slightly lower at least for a while longer, according to the U.S. Energy Department and its latest Short-Term Energy Outlook released on Wednesday.
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The Peterbilt-Cummins SuperTruck project achieved almost-unheard-of gains of 68% in freight efficiency over a 24-hour duty-cycle, a 50% improvement in freight efficiency on an 11-hour drive-cycle and a 20% improvement in the thermal efficiency of the engine. How did they do it, and what does that mean?
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Diesel fuel prices, which averaged $3.92 per gal in 2013, are projected to average $3.85 this year.
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The U.S. Energy Department projects lower prices for diesel fuel this year and in 2015 compared to the average cost in 2013, according to its just-released Short-Term Energy Outlook.
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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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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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