A slight drop in the price of diesel fuel marked the third straight week of declines, but costs are expected to remain close to the three-year high reached in November.
Fuel Prices
Week of Dec. 20:
source
price
change
DOE
128.7
-0.1
Comdata
126.6
-1.0
OPIS self-serve
127.9
-0.9
OPIS wholesale
71.0
-1.0
The Energy Information Administration reported the national average price of diesel was $1.287 a gallon on Dec. 20, 0.1 cent lower than the previous week.
The relatively stable level recently — drops in the past three weeks have totaled 1.7 cents — has been a change from most of 1999, which has seen the price plummet to a historic low of 95.3 cents a gallon in February and rise to a high of $1.304 cents a gallon on Nov. 29.
But Diego Saltes, an analyst with the Economics and Statistical Analysis Department of American Trucking Associations, doesn’t see a significant price drop coming soon.
For the full story, see the Dec. 27 print edition of Transport Topics. .