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With all the hoopla lately over the plummeting crude oil prices, you may not have noticed a recent change in U.S. policy that could send prices in the other direction.
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For the fifth straight week, the average price of a gallon of diesel fuel decreased according to the latest numbers from the Energy Department.
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Crude oil prices are moving higher amid concerns that low prices have led to too many crude production cuts.
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Following three straight months of gains, existing–home sales dipped in August, according to a new report from the National Association of Realtors.
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The average price of a gallon of on-highway diesel fuel was down for the fifth week in a row according to the latest numbers from the U.S. Energy Department.
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While it’s hard to say just how low the retail price of diesel will go, what is fairly certain is the trend line in place since last autumn will continue to run its positive course at least through the rest of the year.
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Other than enjoying lower fuel costs, how can trucking companies take advantage of current low prices for diesel fuel?
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FTR has announced that registration is open for its first "virtual conference." The event is scheduled for April 7th and will include discussions and question-and-answer sessions on important topics in trucking.
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FTR’s Trucking Conditions Index for November, at a reading of 8.98, reflects dropping fuel prices, according to the transportation research firm. Strong freight volumes from a good Christmas shopping season also helped.
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Since the summer, the price of oil has plummeted 50 percent, hitting its lowest level in more than five years about a week before Christmas. Diesel has fallen from a yearly high of $4.021 in March to $3.419 in mid-December.
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