Diesel average heads up for the eighth straight week, EIA reports
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DAT March Truckload Volume Index sees modest March gains National diesel average, for week of April 22, is down for the second straight week LM Podcast Series: Assessing the freight transportation and logistics markets with Tom Nightingale, AFS Logistics XPO opens up three new services acquired through auction of Yellow’s properties and assets FTR’s Trucking Conditions Index weakens, due to fuel price gains More Motor FreightThe average price per gallon of diesel gasoline increased for the eighth consecutive week, according to data issued by the Department of Energy’s Energy Information Administration (EIA) this week.
With a 6.8-cent increase, the average price per gallon now stands at $3.239 per gallon. This is the highest weekly average since the week of December 29, 2014, when the average stood at $3.213.
During this seven-week stretch of increases, the average has been above the $3 per gallon mark each week. And during that span the average has risen a cumulative 22.9 cents.
Compared to the same week a year ago, the diesel average is up 69.5 cents.
West Texas Intermediate (WTI) crude oil is currently trading at $71.17 per barrel on the New York Mercantile Exchange. Last week, the average was $70 per barrel, which marked the first time WTI crude had eclipsed the $70 per barrel mark going back to November 2014.
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