Diesel prices fall 2.3 cents to $3.755 per gallon
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Investor expectations continue to influence supply chain decision-making Under-21 driver pilot program a bust with fleets as FMCSA seeks changes Diesel back over $4 a gallon; Mideast tensions, other worries cited Four U.S. railroads file challenges against FRA’s two-person crew mandate, says report XPO opens up three new services acquired through auction of Yellow’s properties and assets More NewsMatching last week, the average price per gallon of diesel gasoline dropped 2.3 cents, bringing the average price per gallon to $3.755 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
Diesel prices have been flat or down over the last 12 weeks and decreased a cumulative 13.9 cents during that period. And prices are down 26.6 cents since the week of March 10, when the average price per gallon was at $4.021. According to EIA data, diesel prices have not increased since the week of June 30 and the average price per gallon is down 16.4 cents year-over-year.
Diesel prices have been down in 25 of the last 28 weeks.
In its recently-issued Short Term Energy Outlook, the EIA pegged the average price for diesel prices in 2014 at $3.89 and $3.87 in 2015, with crude oil at $100.45 per barrel in 2014 and $96.08 in 2015.
To read more about diesel prices, please read yesterday’s LM news story, which looks at how shippers are approaching the current diesel situation.
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Investor expectations continue to influence supply chain decision-making The Next Big Steps in Supply Chain Digitalization Under-21 driver pilot program a bust with fleets as FMCSA seeks changes Diesel back over $4 a gallon; Mideast tensions, other worries cited Four U.S. railroads file challenges against FRA’s two-person crew mandate, says report 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 LogisticsSubscribe to Logistics Management Magazine
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April 2023 Logistics Management
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