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On-highway diesel prices down 2.5 cents a gallon to $3.949

All but one of the Energy Information Administration’s 10 reporting regions showed decreased diesel prices, with the Rocky Mountain sector going up two tenths of a penny to $3.943 compared with $3.941 the previous week.

The Trucker News Services

9/23/2013

After national on-highway diesel prices went down a hair last week, they took more of a plunge Monday down 2.5 cents a gallon.

Diesel prices were up and down, up and down, this summer, staying relatively the same for the first two weeks of September, but following oil prices in a downward spiral during the past two weeks, going from $3.981 a gallon Sept. 9 to $3.974 on Sept. 16 and finally this week falling to $3.949.

However, no doubt the price is probably still too close to $4 a gallon in most truckers’ estimation.

Yet, given the huge amounts of diesel needed per truck, carriers and drivers will gladly take a 2.5-cent drop.

All but one of the Energy Information Administration’s 10 reporting regions showed decreased diesel prices, with the Rocky Mountain sector going up two tenths of a penny to $3.943 compared with $3.941 the previous week.

Oil hit a six-week low today after the risk from Syria faded, so diesel, which follows oil prices after a lag time of several weeks, will probably go down even more before it climbs back up.

For more details on prices for specific reporting regions of the country, click here.

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

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