EIA reports national diesel average is down for third straight week
Latest Logistics News
UPS makes further investments into driving training-focused efforts Yellow accuses Teamsters of ‘gamesmanship and saber rattling’ in proposed One Yellow change of operations talks U.S. rail carload and intermodal volumes are down, for week ending March 25, reports AAR NRF’s 2023 retail sales forecast calls for growth mixed with challenges S&P Global Market Intelligence report looks at normalization of supply chains over course of 2023 More NewsThe national average price per gallon of diesel gasoline fell for the third consecutive week, for the week of April 12, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Falling 1.5 cents, this week’s national average came in at $3.129, following a 1.70-cent decrease, to $3.144, for the week of April 5, and a 3.3-cent decrease, to $3.161, for the week of March 29. Prior to the last three weeks, the national diesel average headed up for 20 consecutive weeks. Even though the national average declined, it topped the $3 per gallon mark for the seventh consecutive week, going back to the week of March 1, when it came in at $3.072 per gallon.
Prior to the week of March 1, the national average had been below the $3 per gallon mark since the week of February 2, 2020, when it posted an average of $2.956.
On an annual basis, this week’s national average is up 50.1 cents.
West Texas Intermediate Crude oil is currently trading at $60.45 on the New York Mercantile Exchange.
In its Short-Term Energy Outlook, the EIA is pegging the average price per gallon of diesel to come in at $2.88 in 2021, with 2022 forecasted at $2.87. For WTI Crude, it is calling for the 2021 average to be $57.24, with 2022 at $54.75.
Article Topics
Motor Freight News & Resources
UPS makes further investments into driving training-focused efforts Yellow accuses Teamsters of ‘gamesmanship and saber rattling’ in proposed One Yellow change of operations talks Your Road Guide to Worry-Free Shipping Between the U.S. and Canada RXO officially opens up new Laredo, Texas-based cross-border facility National diesel average falls, for week of March 27, reports EIA Don’t call this recovery of freight volumes a comeback Yellow, Teamsters union butting heads a year before contract deadline More Motor FreightLatest in Logistics
UPS makes further investments into driving training-focused efforts DRAKKAR Logistics’ Three Warehouses Meeting Industry Demand Yellow accuses Teamsters of ‘gamesmanship and saber rattling’ in proposed One Yellow change of operations talks U.S. rail carload and intermodal volumes are down, for week ending March 25, reports AAR NRF’s 2023 retail sales forecast calls for growth mixed with challenges S&P Global Market Intelligence report looks at normalization of supply chains over course of 2023 The Retail Reset: 2023 Market Research Report More LogisticsSubscribe to Logistics Management Magazine
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today.
March 2023 Logistics Management
Latest Resources
