TheTrucker.com

US diesel average continues downward slide as oil futures also see relief

Reading Time: < 1 minute
US diesel average continues downward slide as oil futures also see relief
Diesel prices continue to drop after weeks of record-setting spikes.

WASHINGTON — Diesel prices continue to drop after weeks of record-setting spikes.

According to the latest data from the U.S. Energy Information Administration, the current national average for a gallon of diesel fuel sits at $5.138 a gallon, down from $5.268 on July 25 and $5.432 on July 18.

diesel

Meanwhile, benchmark U.S. crude oil for September delivery fell $4.73 to $93.89 a barrel Monday.

Brent crude for October delivery fell $3.94 to $100.03 a barrel.

Wholesale gasoline for September delivery fell 11 cents to $3 a gallon.

September heating oil fell 11 cents to $3.44 a gallon. September natural gas rose 5 cents to $8.28 per 1,000 cubic feet.

Industry analyst Trilby Lundberg of the Lundberg Survey said that the continued decline comes as crude oil costs also fall, as evidenced by Monday’s market report above.

“Further drops at the pump are likely as the wholesale (fuel) price cuts continue making their way to street level,” Lundberg said in a statement.

The Associated Press contributed to this report.

The Trucker News Staff

The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.

Avatar for The Trucker News Staff
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
For over 30 years, the objective of The Trucker editorial team has been to produce content focused on truck drivers that is relevant, objective and engaging. After reading this article, feel free to leave a comment about this article or the topics covered in this article for the author or the other readers to enjoy. Let them know what you think! We always enjoy hearing from our readers.

COMMENT ON THIS ARTICLE