Diesel fuel prices rose for a second consecutive week, rising 2.4 cents to $3.89 a gallon, while gas prices jumped 7 cents to $3.673. Diesel fuel had declined for 10 weeks prior to the current gains, dropping 31.4 cents in that string of downturns.
I went back over the last 4 years and even though we are a fuel management company that wants to grow our business, we also want to protect the “regular guy”. In that time, I personally, have done over 15 newsletter articles, YouTube videos, or have been a contributing writer for other publications dealing with diesel fuel audits.
It has always been known that diesel fuel losses take place. The issue most companies always thought they had in the past is how to control diesel fuel theft with their drivers. With truck drivers running around and fleet fueling prices going up and down, fuel theft should not be a surprise. Some companies are well aware of the problem and others aren’t.
Diesel fuel prices up, diesel fuel prices down. Where is it and why? The same can be said about gas prices but the answer is not easy. Last week, I was asked for a prediction on diesel fuel prices for the next 12 years. I wanted to say, I can’t go to a casino and predict Black or Red enough on roulette, so I don’t gamble but you want our company to predict diesel fuel prices, not for next week, but for 12 years in the future?
The Department of Energy, DOE reported today that diesel fuel prices drop six-tenths of a penny for the week. The national price for diesel fuel now stands at $3.845 per gallon. It does make this ten straight weekly decreases. It’s been a great ride and fleet management, I am sure is happy to have the lowest fleet fuel prices since last July.