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 slide in the price of diesel fuel over the past two years has complicated the decision to switch to alternative fuels for many fleets. But is cheap oil even the real issue?
Although technology has enabled us to collect so much data now, does having vast amounts of it really make us any smarter? Negotiating fuel-discount programs won't do you much good unless you know how to make sense of the fueling data.