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The U.S. Energy Information Administration expects the price of a gallon of diesel to continue falling in 2015 due to lower crude oil prices and weakening demand.
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Margin management and fuel invoicing were at the top of the list of business priorities in the second annual Eye on Energy survey conducted by FuelQuest.
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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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The average cost of diesel in the United States started off 2014 slightly higher than where it ended last year, according to a weekly U.S. Energy Department report and is also at its highest level since late September.
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The price of oil keeps edging toward going back below the $100 per barrel mark, bringing fuel prices along for the ride. Crude lost 54 cents in trading in New York on Monday, settling at $102.33 per barrel, hitting near a three-month low
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The price paid at the pump for diesel is down due to a drop in oil prices.
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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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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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Despite having reached a settlement with some trucking customers, Pilot Flying J faces new litigation over claims it cheated some operations – and there is another move to depose CEO Jimmy Haslam.
Read More →The price for diesel has fallen for the second straight week, putting it a little above where it was four weeks ago.
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