Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/4/2016 5:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Diesel Falls Again, Down 2.4¢ to $2.211


Daniel Acker/Bloomberg News

The U.S. average retail diesel price fell for the eighth consecutive week, down 2.4 cents a gallon to $2.211, the Department of Energy reported Jan.4.

Trucking’s main fuel was 92.6 cents a gallon cheaper than a year ago, when it was $3.137, DOE’s Energy Information Administration said. It's the lowest national price for diesel since May 4, 2009, when it was $2.185.

Diesel prices fell across the country, except for in the West Coast-less-California region, and by the most in the Rocky Mountain region, dropping 3.6 cents to $2.191.

Diesel’s lowest price was along the Gulf Coast, down 2.6 cents to $2.114. It was highest in California, slipping 1.4 cents to $2.595.

The national average price of gasoline last week fell six-tenths of a cent to $2.028 a gallon, EIA said.

Crude oil futures closed on the New York Mercantile Exchange at $36.76 a barrel Jan. 4, down .05 cents from its close Dec. 28 at $36.81.

EIA said the energy component of the widely followed S&P Goldman Sachs Commodity Index fell 41% from the start of 2015, a larger decline than the industrial metals, grains and precious metals components, which declined 24%, 19% and 11%, respectively, in 2015.

EIA said reformulated gasoline blendstock for oxygenate blending not only had the lowest price decline of all energy commodities, but it also declined less than many nonenergy commodities because of increased gasoline consumption in the United States and in other countries.

In contrast, gasoil and ultra-low-sulfur diesel had the largest price declines of the energy commodities as a result of rising U.S. and global distillate inventories along with lower economic growth in emerging markets.

2 Next >>

By Transport Topics


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

© 2016, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


  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