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.
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