Despite tensions in the Middle East, average diesel fuel prices last week dropped almost 2 cents from the week before, although they’re still 71 cents higher than a year earlier.
Trucking is enjoying some of the best business conditions in years, but could rising fuel prices curtail the good times? Analysis by Business Contributing Editor Evan Lockridge
Back on the rise again, the national average diesel fuel price hit $3.04 in April, 9 cents per gallon higher than March and 49 cents higher than same time last year.
Expected prices for trucking’s primary fuel as well as for gasoline have been revised higher, due largely to anticipated higher prices for crude oil, according to a new Energy Department report.
The average price of a gallon of diesel fuel in the U.S. hit more than $3.15 last week, and in many parts of the country it is much higher than that.
The Truck Parking USA platform now includes a location-based fuel pricing tool, thanks to a partnership with the truck routing software company ProMiles.
The national price of diesel fuel dropped by $0.003 the week of January 22 compared to the previous week but has increased by $0.456 compared to one year ago, according to the U.S. Energy Information Administration (EIA).
The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.
The price of diesel fuel in the U.S. increased to its highest point since June of 2015. Crude oil prices also experienced a similar spike after news broke of a corruption scandal in Saudi Arabia.
Separate measures of truckload linehaul and intermodal rates moved higher in September, according to newly released reports, as the U.S. battered hurricanes and higher fuel prices.