Diesel fell another 3.7 cents to $3.791 a gallon, its fifth straight decline, while gasoline rose for the first time in six weeks, the Department of Energy said Tuesday.
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.
Diesel fuel prices have fallen over the last couple of weeks. They have followed the trend by crude oil prices going lower but what will happen next. We have some crazy things going on that can affect your fleet fueling.
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.
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.
Diesel fuel prices took its biggest decline in two months, falling 4.6 cents to $3.964 a gallon, a week after it had topped $4 for the first time in six months, the Department of Energy said Monday.