Sponsored By:

   The Nation  |  Business  |  Equipment  |  Features


Diesel down 3.5 cents to $3.942 as oil continues to tumble

If oil continues to decrease in price (it was at a four-month low Monday to just below $89 a barrel), diesel could go down even more.

The Trucker News Services

4/15/2013

On-highway diesel was down 3.5 cents Monday to $3.942, compared with $3.977 the week before, the Energy Information Administration (EIA) of the U.S. Department of Energy reported.

Every reporting sector of the EIA was down, with the West Coast region less California down 5.3 cents to $3.970 compared with $4.023 the week prior; the West Coast down 5.1 cents to $4.066 compared with $4.117 the week prior and California down 4.9 cents to $4.147 a gallon compared with $4.196 the week before.

In addition to the West Coast and California sectors, New England and the Central Atlantic reporting regions were still above the magic $4-a-gallon mark. New England was down 2.9 cents to $4.105 a gallon and the Central Atlantic sector was down 3.0 cents to $4.032 a gallon.

National on-highway diesel was at a high of $4.159 on Feb. 25 but tumbled past the $4-a-gallon price on April 1.

If oil continues to decrease in price (it was at a four-month low Monday to just below $89 a barrel), diesel could go down even more.

A sickly jobs report last week and a slowdown Monday in growth in China, normally a huge oil guzzler, have had a negative impact on oil prices lately, but global unrest in oil-producing countries could prompt a hike back in the other direction, and oil experts have predicted gyrating prices for the foreseeable future.

For more details on prices for EIA reporting regions, click here.

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

Find more news and analysis from The Trucker, and share your thoughts, on Facebook.

Celadon