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The national average cost of on-highway diesel has moved lower for the second consecutive week, following five straight weekly hikes, while regular grade gasoline edged higher.
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A rally for on-highway diesel prices has ended with the average cost of the fuel falling for the first in more than a month, according to the latest weekly report from the U.S. Energy Department, as the price of crude oil is down dramatically.
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The U.S. Energy Department has raised its expectations for fuel prices, according to the latest Short-Term Energy Outlook issued on Tuesday.
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The national average cost of on-highway diesel has posted its fifth weekly increase but prices have started to moderate a little in some parts of the country, according to new U.S. Energy Department figures.
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Diesel prices continue rebounding since hitting their lowest level in five years last month gaining 3.6 cents this week to reach a national average of $2.93 per gallon.
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The average U.S. cost of on-highway diesel has increased for the third straight week since hitting a five-year low early this month, according to the U.S. Energy Department.
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Fuel prices continue to recover from their lowest levels in years, with both diesel and gasoline increasing over the past week, according to new U.S. Energy Department figures released on Tuesday.
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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 average cost of on-highway diesel has posted its first price increase so far this year, but remains well below the level from the same time a year ago.
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Fuel prices are showing no signs of throttling back from their large and recent declines that started months ago, with oil nearly hitting a six-year low on Monday.
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