Yep, you’ve heard them all. “Don’t take your eye off the ball”, “Success isn’t given, it’s earned” or “A goal without a plan is just a wish”. Every one of those were spoken by successful people.
Nationwide prices for diesel fuel remain near $4.00 per gallon as outside factors continue to keep fuel prices on their toes. With U.S. commercial crude inventories at record levels, you would typically expect large declines in diesel fuel and gas prices.
Diesel fuel prices have been rising steadily over the past month. Most of us are accustomed to volatility in fuel prices, but they have actually been relatively stable over the past 10 months. About a year ago, diesel fuel prices were approximately 15 cents higher than where they are now. Then, the price fell rapidly during March 2013 and hovered around an average of $3.90 per gallon across the U.S. until a few weeks ago.
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.
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?
8 for 8. Diesel fuel prices fell yet another week, making this the 8th straight week. The national Department of Energy (DOE) reported diesel fuel prices fell 5.5 cents for the week of April 22, 2013. This makes the cost of diesel fuel $3.887 per gallon. This almost 2 dimes (19.8 cents) cheaper than this time last year.