Shaffer


Sponsored By:

   The Nation  |  Business  |  Equipment  |  Features


Diesel down 1.1 cents Monday to $3.869 a gallon

Oil prices have faltered in recent days because of high supply rates, slowed Chinese factory growth and OPEC’s decision to maintain its current output, among other things, and diesel is going along for the ride.

The Trucker News Services

6/3/2013

U.S. on-highway diesel prices went down 1.1 cents Monday, to $3.869 from $3.880 the week before, but that’s still up 2.3 cents from what truckers were paying this time a year ago, the federal Department of Energy’s Energy Information Administration reported.

As oil experts have predicted, oil prices have been “gyrating” up and down and diesel prices have followed along, hitting a high of $4.159 on Feb. 25, going back down on May 6 to $3.845, up slightly to $3.89 May 20 and back down last week to $3.88.

Again this week, the California reporting region is the only sector reporting prices of above $4 a gallon, to $4.025 compared with $4.044 the week before.

All reporting areas except one, the Rocky Mountain region, listed decreases in diesel since last week. Truckers in the Rocky Mountain area were paying three tenths of a penny more for diesel, $3.866 compared with $3.863 the week before.

Oil prices have faltered in recent days because of high supply rates, slowed Chinese factory growth and OPEC’s decision to maintain its current output, among other things, and diesel is going along for the ride.

For more information on diesel prices 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.