Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/11/2016 3:50:00 PM Write a Letter to the Editor Write a letter to the Editor

Diesel Falls to $2.177, Down 3.4¢; Gasoline Below $2

John Sommers II for Transport Topics

The U.S. average retail diesel price fell for the ninth consecutive week, down 3.4 cents a gallon to $2.177, the Department of Energy reported Jan. 11.

Trucking’s main fuel was 87.6 cents a gallon cheaper than a year ago, when it was $3.053, DOE’s Energy Information Administration said.

The latest decline also put diesel at the lowest price since March 23, 2009, EIA said.

Diesel fell in all regions, and its lowest price in the Rocky Mountain area, down 5.7 cents to $2.134.

Also, the national average price of gasoline last week fell 3.2 cents to $1.996 a gallon, EIA said.

It was the eighth time in the past nine weeks that gas prices have fallen, leaving the fuel 14.3 cents cheaper than a year ago when the price was $2.139.

In the meantime, EIA is projected to report Jan. 13 that inventories of crude oil, gasoline and distillate fuel increased last week, according to a Bloomberg News survey of analysts.

“Another bearish storage report will send us to new lows, and this week’s has the potential to be a doozy,” Bob Yawger, director of the futures division at Mizuho Securities USA in New York, told Bloomberg.

The news service reported Jan. 10 that fuel futures followed crude to new lows. Gasoline for February delivery dropped 1.3% to $1.113 a gallon, the lowest close since February 2009. Diesel for February delivery decreased 3.5% to settle at $1.0149, the lowest since June 2004.

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.



Follow Us


This free daily newsletter delivers the latest headlines.

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



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement