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Falling Brent crude oil prices has once again lowered the projected average price for diesel in 2014. The U.S. Energy Department’s Energy Information Administration’s new Short-Term Energy Outlook expects diesel fuel prices, which averaged $3.97 per gallon in 2012, are projected to average $3.91 per gallon in 2013 and $3.73 per gallon in 2014.
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Diesel prices continue to slide this week as the national average dropped to $3.83 per gallon, which is down 2.5 cents from last week and 14.8 cents from last year at this time.
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The average cost of diesel is down for the second straight week and is at it lowest level since early July.
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After a few weeks of relative quiet, things have started heating back up between Pilot Flying J and trucking companies that are suing the truckstop chain over allegations it cheated trucking companies out of fuel rebates.
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Figures released late Monday afternoon by the U.S. Energy Department show the cost of diesel is down 1.6 cents over the past week for a national average of $3.87 per gallon.
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After falling for five straight weeks the average cost of diesel remains the same this week from the week before, according to the U.S. Energy Department, the lowest price since mid-June.
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One of the most closely watched surveys of fuel prices is back online following the end of the partial federal government shutdown and it shows fuel prices keep trending lower.
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Tuesday was the deadline for carriers to opt out of a settlement reached in July between some trucking companies and Pilot Flying J over allegations the truckstop chain cheated customers out of fuel purchase rebates. About 50 of the truckstops’s 6,000 customers said they want no part of the agreement.
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While trucking continues rolling during the partial shutdown of the federal government, an often used weekly roundup of fuel prices from the Department of Energy’s Energy Information Administration has been sidelined due to a lack of funding, but there are other reports available to give you a read as to where diesel prices stand.
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The government shutdown has forced the Energy Information Administration to cancel publication of its gas and diesel price update, a key index for trucking fuel surcharges.
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