National on-highway diesel down 1.6 cents; all regions see decrease
Despite drops of over a penny a gallon, truckers in New England ($4.020), the West Coast ($4.036) and California ($4.117) sectors were still having to shell out more than $4 a gallon.
The Trucker News Services
Faithfully following the path of oil prices, national on-highway diesel dropped 1.6 cents Monday to $3.870, still too close for comfort to $4 a gallon, but every little bit helps.
Every one of the U.S. Energy Information Administration’s 10 reporting regions saw a drop of at least a penny a gallon and in the Lower Atlantic region diesel was down 2.2 cents a gallon.
The federal government shutdown, Mideast violence and a U.S. oil surplus brought oil prices down for several weeks, and it was inevitable that diesel prices would follow at some point.
Finally, on Oct. 21 oil dropped below $100 a gallon for the first time since early July as U.S. supplies kept rising and the risks of disruption to Middle East shipments subsided.
Last week diesel was flat at $3.886, exactly the same price as it had been on Oct. 14, but this week, diesel prices finally caught up with plunging oil prices.
Despite drops of over a penny a gallon, however, truckers in New England ($4.020), the West Coast ($4.036) and California ($4.117) sectors were still having to shell out more than $4 a gallon.
The Central Atlantic and Rocky Mountain reporting regions had the lowest price drops, with both down only 1.0 cent.
For more information on individual reporting regions click here.
The Trucker staff can be reached to comment on this article at email@example.com.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.