On-highway diesel breaks downward streak; up 2.1 cents over last week
Although the national on-highway diesel price increased 2.1 cents today, it is still down 13.8 cents from where it was a year ago at this time.
The Trucker News Services
On-highway diesel prices broke their nine-week plunge to bob back up 2.1 cents from last week’s $3.845 a gallon to this week’s $3.866 a gallon.
The Central Atlantic region was the only reporting sector of the DOE’s Energy Information Administration to go down (0.1 cent to $3.910 today compared with $3.911 the week of April 6).
The West Coast less California reporting region was up the most — 5.3 cents to $3.883 today compared with $3.830 the week prior. That was followed by the West Coast (up 4.6 cents to $3.969 compared with $3.923 the week before) and the California and Midwest sectors, which were both up 4.1 cents over the prior week.
Diesel prices followed oil prices, which sagged for some time but just recently went up again before lagging on news that the dollar had strengthened. When the dollar is weak, speculators depend on oil as a valuable commodity, driving up its price.
Still, national on-highway diesel is down 13.8 cents from where it was a year ago at this time.
For details on all reporting sector diesel prices click here.
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