Diesel prices are up for third straight week

The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel headed up 2.6 cents to $3.977. This represents the third straight week of increases for a cumulative 10.4 cent gain. And this week’s price is the highest since hitting $3.981 the weeks of September 9 and September 16.

By ·

The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel headed up 2.6 cents to $3.977.

This represents the third straight week of increases for a cumulative 10.4 cent gain. And this week’s price is the highest since hitting $3.981 the weeks of September 9 and September 16.

Prior to these two weeks on rising prices, diesel dropped a cumulative 3.7 cents over the previous two weeks, when prices fell 1.3 cents and 2.4 cents, respectively. Those two weeks of declines were preceded by three weeks of gains for a cumulative 3.9 cents.  And those gains were preceded by two weeks of declines for a cumulative 1.2 cent drop during the weeks of December 9 and December 17.

On an annual basis, the average price per diesel is down 12.7 cents, when diesel was at $4.104 per gallon.

In line with the gain in diesel prices is the recent increase in oil prices. The price per barrel of crude oil was $100.06 on the New York Mercantile Exchange at press time.

A Marketwatch report noted that this is the highest close of the year as traders looked toward this week’s economic data and monetary policy testimony from Federal Reserve Chairwoman Janet Yellen for cues on the next direction for prices.


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Diesel · Diesel Prices · All Topics
Latest Whitepaper
Is Your Logistics Strategy Keeping Pace with Your Manufacturing Efficiency?
U.S. manufacturers continue to invest in world-class technology and innovation, as a growing number of businesses choose to expand U.S.-based production — or return manufacturing from Asia.
Download Today!
From the April 2017 Issue
While adoption rates have remained relatively flat, yard management systems (YMS) are helping logistics operations turn that important space between the loading dock and the gate into a vital link in the supply chain.
Information Management: Wearables come in for a refit
2017 Air Cargo Roundtable: Positive Outlook Driven by New Demand
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Maximize Your LTL Driver Adherence with Real-time Feedback
This webinar shows how companies are using real-time performance data to optimize the scheduling of their city fleets, as well as the routing of their standard, accelerated and time-critical shipments.
Register Today!
EDITORS' PICKS
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...

ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...