Diesel fuel prices will average $3.86 per gallon this year and $3.95 in 2012, the Department of Energy said, in line with its most recent forecast. This year’s projected cost is a penny lower than last month’s forecast, while the 2012 price matches last month’s estimate.
It’s been said that what goes around comes around. Well, it may not be karma, but today diesel fuel prices sure look like they are coming around to lower levels. This week the DOE reported that the National Price for trucking’s most used fuel had fallen to $3.888 a gallon. There is still a several week lag in retail prices compared as compared to current wholesale prices. Simply put, anyone selling fleet fueling right now is making better margins today than they were two months ago. With the truck stops, retail stations and card locks trying to make as much as they can in profits right now, I would expect the retail margin to continue to drop down, but at a much slower rate.
This past week the Department of Energy price for diesel fuel prices fell again to below $3.86 a gallon. Good news right? Not so fast. Retail margins have been through the roof. Meaning you have been paying more than your company should be unless you have taken a professional approach on managing your diesel fuel prices prior to February when this crazy market began.