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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.
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Diesel prices this year are expected to average slightly less than they were last year and continue moving lower next year, according to a new forecast.
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The price of diesel continues to seesaw, falling just slightly this week following a just over one-penny hike last week.
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While gasoline prices continued to decline this week, diesel prices continued on its journey upward.
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The truckstop chain Pilot Flying J has revised a settlement it reached last week with eight trucking companies that filed suit against it earlier this year over claims it cheated them out of fuel rebates and discounts.
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Late last week a federal judge in California ruled to dismiss three cases against Chevron filed by plaintiffs who claimed the oil and fuel giant failed to disclose the effect warmer temperatures have when it comes to dispensing fuel at the pumps causing customers to overpay.
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Prices for diesel and gasoline moved higher again over the past week as the cost of oil eased back Monday following its highest closing price on Friday since March 2012.
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More signs of improvement in the U.S. economy helped drive the price of oil to above $109 a barrel on Friday, its highest price since March of 2012. Oil futures have risen more than $11 a barrel this month.
Read More →Chevron U.S.A. Inc. has paid $422,500 in penalties for supplying gasoline and diesel fuel in violation of California regulations designed to protect air quality. Chevron agreed to pay the penalties as part of three separate settlements it reached with the California Air Resources Board.
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