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A new government report is predicting diesel prices will be lower than a previous forecast, due to an expected decline in the price of oil along with other factors. The U.S. Energy Department’s Short-Term Energy Outlook says after averaging $3.97 per gallon last year, on-highway diesel prices are expected to average $3.90 per gallon this year.
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The average U.S. cost of diesel is down for another week, after hitting it’s highest level since August of 2008 two weeks ago.
Read More →Following six consecutive weeks of increases, the average price of diesel has fallen over the past week, but is still not far from a more than four-year high.
Read More →The average U.S. cost of diesel rose only 0.2 cents this week from the week before, but it was enough to send it to its highest price since August of 2008 for the second consecutive week. It's also up for the sixth straight week.
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The U.S. Energy Department’s Energy Information Administration has released a new forecast in which it predicts diesel prices later this year will be lower than their current level.
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The price of oil is inching back closer to the $100 a barrel mark while diesel fuel prices, rising for the fourth straight week, hit their highest level since the latter half of October.
Read More →Both diesel and gasoline prices saw a significant increase this past week. Diesel prices jumped an average of 9.5 cents per gallon across the nation to settle at $4.02.
Read More →Prices for both diesel and gasoline saw a jump this week at the pump. Diesel prices rose this week at an average of 2.5 cents across the nation to rest at $3.93. According to the Energy Information Administration's weekly Gasoline and Diesel Fuel Update, diesel prices nationally are an average of 7.7 cents above where they were last year at this time.
Read More →The price for diesel rose marginally this week with a nationwide average increase of 0.8 cents per gallon. Prices averaged out at $3.90, according to the Energy Information Administration's weekly fuel update
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In its Short-Term Energy Outlook report, the Energy Information Administration projects that Brent crude along with diesel prices will see a slight decrease in 2013 and 2014. EIA projects that the Brent crude oil spot price, which averaged $112 per barrel in 2012, will fall to an average of $105 per barrel in 2013 and $99 per barrel in 2014.
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