Diesel average is up for tenth straight week, reports EIA
This was the highest weekly average since the week of December 29, 2014, when the weekly average came in at $3.213.
Transportation in the NewsU.S. rail and intermodal volumes see annual declines for week ending May 11 FTR Trucking Conditions Index turns negative Looking beyond the glitz and glamour of digital freight matching: questions for your DFM provider Hub Group heralds new visibility and shipment-level ETA offering project44 rolls out additions to Advanced Logistics Visibility Platform More Transportation News
Transportation ResourceDrivers and Shippers: Partnered for Success The driver shortage is causing serious concerns across the industry. But the solution is not just to add more drivers.
The average price per gallon of diesel gasoline headed up for the tenth consecutive week, according to data issued by the United States this week.
With a 1.1-cent increase, the average price per gallon is now $3.288 per gallon, coming in ahead of last week’s $3.239 average, which was the highest weekly average since the week of December 29, 2014, when the weekly average came in at $3.213.
During this ten-week stretch of diesel increases, the average has topped the $3 per gallon mark each week. And during that span the average has risen a cumulative 27.8 cents.
Compared to the same week a year ago, the diesel average is up 71.7 cents, which is down from last week’s annual spread of 73.8 cents.
West Texas Intermediate (WTI) crude oil is currently trading at $66.73 per barrel on the New York Mercantile Exchange, which is down 7.6% compared to last week’s $72.17 price. When WTI crude checked in at $70 per barrel three weeks ago, it marked the first time WTI crude had eclipsed the $70 per barrel mark going back to November 2014.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
The Digital Supply Chain Takes Shape Top 30 U.S. Ports 2019: Trade tensions determine where cargo goes next View More From this Issue