⛽️ Great news: the national diesel average has dropped 2.4 cents.
While this is the second week in a row with a very incremental change, many say it’s still better than going up. The week of October 31st recorded a national diesel average of $5.317 per gallon according to the U.S. Energy Information Administration (EIA). Gasoline dropped by 2.7 cents for a national average of $3.742.
The California Air Resources Board (CARB) has issued a mandate that tugboat operators must upgrade their engines with unapproved Diesel Particulate Filters (DPFs) within six months.
The diesel market is facing a crisis as output curbs from countries like Saudi Arabia and Russia limit the supply of medium and heavy crudes, crucial for diesel production.
Average U.S. diesel prices have increased to $3.905 per gallon from $3.806 per gallon as of July 24, with all regions experiencing price hikes.
Despite an eight-month downturn in manufacturing and freight activity, US inventories of diesel and other distillate fuel oils have failed to recover significantly.
The Diesel Technology Forum (DTF), a trade group representing suppliers in the diesel engine supply chain, is positioning diesel engines as a leading force in achieving a cleaner future for the trucking industry.
The national average price of diesel fuel in the United States remained unchanged at $3.806 per gallon for the week of July 17, according to the U.S. Energy Information Administration (EIA).
The Energy Information Administration's Short-Term Energy Outlook Report highlights several predictions, including an increase in crude oil prices heading into 2024, while diesel fuel prices are expected to remain below $4 per gallon for most of that year.
For the 20th time in 22 weeks, the benchmark price of diesel, commonly used for fuel surcharges, has decreased.
As the average price of diesel fuel shows a downward trend, several states in the US are preparing to make changes to their diesel fuel taxes, effective from July 1st.
According to the Energy Information Administration (EIA), average diesel prices in the United States have declined for the sixth consecutive week.
Diesel prices have continued to decline for the sixth consecutive week, marking a drop of over $1.95 per gallon since last year's peak.
The average price of diesel fuel in the US has dropped below $4 per gallon for the first time since February 2022, according to the Energy Information Administration.
The average price of diesel fuel in the U.S. has slightly decreased, sitting at $4.018 per gallon as of May 1, down from the previous two weeks.
After a ten-week drop in diesel prices, there has been a sudden increase of 1.8 cents, which is concerning, as it may lead to a recession.
Just this week, diesel prices have declined 6.2 cents. This dip has lowered the national average to less than $4.2 per gallon, and the per-barrel oil price dropping alongside it.
For the second week in a row, the Department of Energy’s Energy Information Administration (EIA) has reported there was an increase in the national average price per gallon of diesel gasoline.
The European Union’s embargo on coal and most oil originating in Russia is set to take effect on February 5th.
After months of preparation, the European Union is banning almost all imports from its top diesel supplier, Russia.
Beginning on February 5th, the European Upon and its allies will be implementing the long-anticipated cap on the price of Russia’s fuel exports.
After seven weeks of price declines of the fuel providing some ease to the crippled truck drivers who rely upon it, the diesel prices rose another 4.6 cents this week.
The US average price per gallon for gasoline is now $3.47, sitting below the $3.54 price in February, prior to the invasion.
Standing now at $5,141 per gallon, the national average price of diesel is reflecting its largest drop since the 14.5-cent decline in early August.
Eventually, prices are passed to the consumers.
While this is the second week in a row with a very incremental change, many say it’s still better than going up.
The federal government is being asked to intervene in the growing diesel shortage problem.
The Biden Administration is working to boost supplies after reports stated that reserves would run out in less than thirty days if they were not replenished.
Another week, another price climb. Fuel prices hit record highs this past spring and summer and it seems to be on a journey back there again.
The ups and downs of fuel prices seem to have no end.
U.K. Prime Minister Rishi Sunak has announced a delay in several key emissions-reduction targets, including pushing back the ban on the sale of new gasoline and diesel cars from 2030 to 2035.