Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
8/12/2014 1:01:00 PM Write a Letter to the Editor Write a letter to the Editor

DOE Lowers Diesel-Price Forecast


Daniel Acker/Bloomberg News

Diesel will average $3.83 a gallon in the second half of this year, slightly lower than its current pump price, the Department of Energy said Aug. 12.

The full-year average price for trucking’s main fuel will be $3.89, DOE said in its monthly short-term energy outlook, down 4 cents from the projected price in last month’s outlook.

Diesel averaged $3.92 per gallon last year, the report said.

Gasoline prices will drop even more sharply, from its current $3.50 average to $3.30 per gallon in December.

The U.S. annual average regular gasoline retail price, which averaged $3.51 last year, is projected to average $3.50 this year and $3.46 in 2015.

EIA lowered its crude oil price outlook slightly, to $100.45 per barrel this year, compared with its July forecast of $100.98.

Oil will average $99.85 in the second half of this year, down from $101 in the first six months, the report said.

Benchmark West Texas crude futures will average $96.05 a barrel next year, DOE said.

DOE’s monthly short-term outlook often lags its weekly price survey. This week, diesel and gasoline each slipped a penny, to $3.843 and $3.505 per gallon, respectively.

By Michael G. Malloy
Staff Reporter

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement