LITTLE ROCK, Ark. — For the first time since early October, the average price across the nation for a gallon of diesel fuel sits below $4 per gallon — but just barely.
According to the Energy Information Administration (EIA), as of Dec. 5, the cost sat at $4.967.
That’s down from $5.141 on Nov. 28 and $5.233 on Nov. 21.
According to energy experts, oil and fuel prices are falling because demand is falling as countries brace for recession and rising coronavirus cases in China, which could disrupt America’s supply chain. EIA officials say that diesel could remain below $5 per gallon on average throughout 2023, with average monthly prices dipping to near $4.
In California, which has the highest fuel prices in the nation, a proposal to fine big oil companies for making too much money is being addressed in the Legislature.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
For the first time since early October, the average price across the nation for a gallon of diesel fuel sits below $4 per gallon — but just barely.—–*************—TYPO, just below $5 per gallon
I’d like to see that at any of the Love’s Travel locations. The lowest I saw between Wisconsin was $4.18. Most locations are over $5.00 and in Pennsylvania it hovers about $5.50+ a gallon. The government is reporting a lie.