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Diesel prices continue to fall

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Diesel prices continue to fall
The price of crude oil is one of the main drivers of gas prices and it has fallen sharply since the summer. Between March and June the price of West Texas Intermediate crude oil traded above $120, but it has fallen to $71 in December.

LITTLE ROCK, Ark. — The average price for a gallon of diesel fuel has fallen for the third straight week.

According to the U.S. Energy Information Administration (EIA), the current average sits at $4.911, down from $4.993 on Aug. 8 and $5.138 on Aug. 1.

The current lowest average can be found along the Gulf Coast at $4.614 per gallon.

The highest prices are along the West Coast at $5.541 per gallon.

Meanwhile, benchmark U.S. crude oil for September delivery fell $2.68 to $89.41 a barrel Monday. Brent crude for October delivery fell $3.05 to $95.10 a barrel.

Wholesale gasoline for September delivery fell 10 cents to $2.95 a gallon. September heating oil fell 8 cents to $3.44 a gallon. September natural gas fell 4 cents to $8.73 per 1,000 cubic feet.

diesel 2
(Courtesy: EIA)

 

 

The Trucker News Staff

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.

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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.
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