Analysts contend that the crude oil supply-and-demand imbalance will be righted just as soon as the price climbs high enough to compel U.S. shale-oil drillers to again ramp up production.
A new fuel price forecast from the U.S. Energy Department shows little change from expectations a month ago for the price of diesel, but the outlook for gasoline has moved a little higher.
Weekly average on-highway diesel and regular gasoline fuel prices saw significant drops last week, according to the latest numbers from the Energy Department.
Federal government expectations for diesel and gasoline prices for this year have been revised significantly lower, as oil is expected to continue to sell for far less that it was in mid-2014.
For the fifth straight week, the average price of a gallon of diesel fuel decreased according to the latest numbers from the Energy Department.
Expectations for diesel and gasoline prices for next year have been revised lower, according to the latest Short Term Energy Outlook issued this week by the U.S. Energy Department.
Diesel and gasoline prices dropped again in the first week of December, setting new lows for the year, according to the latest numbers from the Energy Department.
With diesel and gasoline prices consistently falling all year, there is no sign of a permanent rebound as prices approach new lows.
Diesel and gasoline prices decreased across the country in the week before Thanksgiving, according to the latest numbers from the Energy Department.
Diesel and gasoline prices continued to fall last week, but the weekend's terrorist attacks in Paris and Beirut caused crude oil prices to jump.