After several weeks of steady decline, on-highway diesel prices experienced a modest rise last week, the first in six weeks. The national average is up 1.4 cents to $3.954.
The diesel gain was only the second in the past two months. California has the most expensive prices at $4.245; the Gulf Coast was the cheapest at $3.896. Increases were not uniform, as New England and the Rocky Mountain region saw declines of 1.8 and 2.7 cents respectively.
Crude oil, which fell below the $100 per barrel mark last week, continued to decline. Crude oil for July delivery declined $1.99, or 2 percent, to settle at $97.30 a barrel on the New York Mercantile Exchange.
The falling price is due at least in part to fears of a slow-down in the economic recovery, or a “double-dip” recession, as it is known. Adding to those fears is the recent announcement that Saudi Arabia will increase oil production in July.
Fuel and Oil: Related News
6/14/2011 – Slight Uptick in Diesel Prices; Crude Continues Decline
After several weeks of steady decline, on-highway diesel prices experienced a modest rise last week, the first in six weeks. The national average is up 1.4 cents to $3.954….
6/13/2011 – DOE Predicts $102/Barrel Oil, $3.87/Gallon Diesel for 2011
Although crude oil prices dropped in early may, the U.S. Department of Energy still expects oil markets to tighten through 2012 and predicts that WTI spot prices, which averaged $79 per barrel in 2010, will average $102 per barrel in 2011 and $107 per barrel in 2012….
6/8/2011 – Diesel Continues Sliding; Crude Dips Below $100
The pump price of on-highway diesel continued to slide last week, dropping 8 cents nationally to $3.940 per gallon….
6/1/2011 – Diesel Continues Falling; Crude Once Again Rising
On-highway diesel prices continued falling last week, although not quite as steeply as the week before.
According to the Energy Information Administration, the national average price fell another 4.9 cents to $3.948. A week earlier prices dropped 6.4 cents nationally. Diesel fuel is still nearly a dollar more expensive than this time last year….
5/24/2011 – Diesel Continues Fall; Oil Drops Due to Strengthening Dollar
On-highway diesel prices fell by 6.4 cents nationally, an even larger decrease than last week. National average prices are once again below $4 per gallon, but just barely at $3.997….
5/17/2011 – DEF Transition Going Smoothly, Air1 Executive Says
With 15 months of experience since the EPA 2010 emission standard took effect, diesel exhaust fluid supplier Air1 sees the market for its product developing as expected.
In the first year after the standard, the North American market for DEF was about 14 million gallons – most of it distributed in small containers sold off the shelf, said Chad Dombroski, director of Air1, which supplies DEF produced by Yara North America….
5/17/2011 – Diesel, Oil Prices Drop
Diesel prices dropped for the second week in a row, down 4.3 cents nationally to $4.061 per gallon, as crude oil prices fell to a two-month low Monday….
5/12/2011 – Pulse of Commerce Index Falls 0.5 Percent in April
The Ceridian-UCLA Pulse of Commerce Index fell 0.5 percent on a seasonally and workday adjusted basis in April, marking a continuation of the see-saw economic performance experienced over the past 12 months….
5/11/2011 – DOE Lowers Oil, Diesel Predictions, Still Expects Higher 2011 Prices
As oil prices have fallen on the futures market recently, the Department of Energy has revised its oil price outlook for the year downward — but says we still are looking at higher petroleum product prices for the year overall compared to 2010….
5/10/2011 – Diesel Prices Down, Oil Recovering From Significant Fall
National on-highway diesel prices fell by 2 cents from last week to $4.104, according to the Energy Information Administration….
5/10/2011 – Charter Fuels Joins Alliance AutoGas
Wisconsin energy provider Charter Fuels has partnered with the Alliance AutoGas network to supply regional fleet customers with propane autogas….
5/6/2011 – National NGV Fleet Forum Comes Together to Advance Natural Gas Use in Transportation
Leading national fleet operators have announced the formation of the Natural Gas Vehicle (NGV) Fleet Forum, a new membership organization dedicated to advancing the use of clean, domestic and low-cost natural gas in the U.S. transportation sector….
5/3/2011 – Diesel and Crude Prices Rise from Last Week
National on-highway diesel prices rose again after falling slightly last week, according to the Energy Information Administration….