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National on-highway diesel down eight tenths of a penny on Monday

In its short-term energy outlook last week EIA estimated that diesel prices will stay around $3.88 a gallon for the rest of this year and at about $3.77 for next year.

The Trucker News Services

6/17/2013

National on-highway diesel prices edged down Monday — but only eight tenths of a penny — nothing to write home about. On average, truckers were paying $3.841 a gallon for diesel compared with $4.849 a gallon last week.

And that’s 11.2 cents more a gallon than truckers were paying for diesel a year ago at this time.

At least diesel Monday was averaging below $4 a gallon, and the Energy Information Administration (EIA) of the U.S. Department of Energy expects national diesel prices to pretty much stay below $4 a gallon for the rest of the year and on into 2014.

In its short-term energy outlook last week EIA estimated that diesel prices will stay around $3.88 a gallon for the rest of this year and at about $3.77 for next year.

Of course, energy experts also expect oil prices and consequently diesel, to fluctuate quite a lot at least for the rest of this year, and it’s already fluctuated quite a bit so far.

On-highway diesel started out on Jan. 7 at $3.911, went up to $4.159 on Feb. 25 and started going below $4 a gallon again on April 1, when it fell to $3.993. It continued to fall until May 6, when it hit $3.845 a gallon, but went up the next two weeks only to start falling again on May 27.

Five reporting regions of the EIA had increased diesel prices Monday, with the New England sector going up 0.2 cents; the Central Atlantic region going up 0.3 cents; the West Coast going up 0.9 cents, West Coast less California up 0.4 cents and California going up 1.4 cents a gallon.

For details of what truckers are paying in other reporting regions click here.

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

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