Diesel average drops for third week in a row, reports EIA
With a 1.0-cent decrease, the national diesel average is at $3.034, coming on the heels of 0.07-cent and 0.004-cent declines, respectively, over the previous two weeks. The national diesel average has risen twice in the last ten weeks.
in the News
Inflation is trending down, but more work needs to be done Frictionless Podcast: Apparel Production and Logistics in Central America U.S. rail carload and intermodal volumes are down, for week ending December 17, reports AAR Intermodal volume declines continue in November, reports IANA Lower demand and volumes drive down FedEx fiscal second quarter earnings More NewsThe national average price per gallon of diesel gasoline fell for the third consecutive week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
With a 1.0-cent decrease, the national diesel average is at $3.034, coming on the heels of 0.07-cent and 0.004-cent declines, respectively, over the previous two weeks. The national diesel average has risen twice in the last ten weeks.
Even with this recent stretch of declines, the weekly diesel average has remained above the $3 per gallon mark for the last 24 weeks.
On an annual basis, this week’s average is down 19.2 cents, topping last week’s 17.6-cent decline.
West Texas Intermediate Crude oil is currently trading at $57.14 per barrel on the New York Mercantile Exchange.
Subscribe to Logistics Management Magazine!
Subscribe today. It's FREE!Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Merger and Acquisition Momentum: 2022 Top 20 Warehouses Truckload: Easing back to normal? View More From this Issue