Diesel Fuel Prices Falls 6.6¢ to $3.828 in Largest Drop Since May 2010

Diesel fuel prices dropped 6.6 cents to $3.828 a gallon, its fourth straight downturn and the biggest decline in more than a year and a half, the Department of Energy said Monday. Is this the beginning of a big dip in fleet fueling? If I was a fleet manager, I wouldn’t get to excited yet.

Continue reading Diesel Fuel Prices Falls 6.6¢ to $3.828 in Largest Drop Since May 2010

Crude Oil at 6-week Low after Largest Drop in Three Months, Diesel Price to Follow?

Oil prices fell sharply Wednesday along with diesel fuel prices (heating oil) as the euro dropped to an 11-month low and fears of European debt contagion sent jitters through the marketplace. Heating oil settled .0989 lower which diesel fuel prices mimic and crude 5.19 lower (94.95) after worries were reinforced that the European debt crisis could trigger a broader recession in Europe which could impact global oil demand.

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Lower Diesel Fuel Prices An Early Christmas Gift

Diesel fuel prices fell for a second straight week, declining 3.3 cents to $3.931 a gallon, while gasoline fell for a third week. The diesel fuel price downturn followed last week’s 4.6-cent drop that pulled trucking’s main fleet fuel below $4 a gallon after being above that level for one week. Gasoline’s national average price fell 1.7 cents to $3.29 a gallon, its third straight drop and the sixth decline in seven weeks.

Continue reading Lower Diesel Fuel Prices An Early Christmas Gift