THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
New emissions regulations targeting large ocean-going ships could raise fuel prices for trucking fleets at the pump on dry land, says NACFE’s Dave Schaller.
Diesel prices have continued a month-over-month and year-over-year steady rise. National average diesel fuel prices were $3.23 for September, according to WEX. This is 5 cents higher than August and 49 cents higher than September 2017.
Despite tensions in the Middle East, average diesel fuel prices last week dropped almost 2 cents from the week before, although they’re still 71 cents higher than a year earlier.
Back on the rise again, the national average diesel fuel price hit $3.04 in April, 9 cents per gallon higher than March and 49 cents higher than same time last year.
Expected prices for trucking’s primary fuel as well as for gasoline have been revised higher, due largely to anticipated higher prices for crude oil, according to a new Energy Department report.
The national price of diesel fuel dropped by $0.003 the week of January 22 compared to the previous week but has increased by $0.456 compared to one year ago, according to the U.S. Energy Information Administration (EIA).
The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.
The price of diesel fuel in the U.S. increased to its highest point since June of 2015. Crude oil prices also experienced a similar spike after news broke of a corruption scandal in Saudi Arabia.
Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.
In the past year, average diesel fuel prices per gallon have increased 42 cents, from $2.13 in 2016 to $2.55 in 2017, with forecasts looking and contiued increases.