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National on-highway diesel prices go up 2.2 cents

Some experts believe the new nuclear deal brokered with Iran may lower oil prices. It sent oil to near $93 a barrel today before it closed at $94.09.

The Trucker News Services

11/25/2013

It had to happen sooner or later: National on-highway diesel prices had been down for several weeks and it was time for it to go up again. They rose 2.2 cents today, up to $3.844 compared with $3.822 the week before.

Diesel was up in eight out of the U.S. Energy Information Administration’s 10 reporting sectors. Two regions, the West Coast and the West Coast less California, were flat, showing no change from the week prior.

In the Midwest, diesel went up the most, 3.5 cents, from $3.794 last week to $3.829 Monday.

It was up 2.9 cents in the East Coast, the Central Atlantic and the Lower Atlantic regions.

Some experts believe the new nuclear deal brokered with Iran may lower oil prices. It sent oil to near $93 a barrel today before it closed at $94.09.

If it stays in that range for a week or so, diesel prices will follow and go down again but any one of a number of things, from global unrest to supply shortfalls, could make the price of oil —and diesel — go up again.

Oil experts have foreseen a year in which oil (and thus diesel) would go up and down and lately that has indeed proven true.

For more details on diesel prices in individual regions click here.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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