Diesel prices resume downward trend
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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 NewsFollowing a week in which the average price per gallon was flat, diesel prices resumed their decline, falling 1.3 cents to $3.801 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).
During this ten-week stretch of flat or declining prices, diesel prices have fallen a cumulative 11.9 cents and are down 22 cents since the week of March 10, when the average price per gallon was at $4.021. What’s more, according to EIA data, diesel prices have not increased since the week of June 30 and the average price per gallon is down 17.3 cents year-over-year.
Diesel prices have been down in 23 of the last 26 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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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 U.S. rail carload and intermodal volumes are mixed, for week ending April 6, reports AAR LM Podcast Series: Examining the freight railroad and intermodal markets with Tony Hatch More LogisticsSubscribe to Logistics Management Magazine
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April 2023 Logistics Management
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