Diesel Fuel Prices

  • Diesel Fuel Prices

    Diesel prices rise for the fourth straight week

    - by Tom Sanderson

    Weekly retail on-highway U.S. diesel prices increased by 1.6 cents to $2.507 per gallon on July 24. This was the fourth consecutive weekly increase in fuel prices, following four straight weeks of declining prices. Diesel prices have fluctuated in a very narrow range between 2.465 and 2.597 per gallon since 12/19, never rising by more than 4.6 cents nor falling by more than 4.0 cents in any week during that period.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12/19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We had been above that level all year up until June.

    Diesel prices are 12.8 cents per gallon higher than one year ago, but are 21.6 cents per gallon lower than two years ago. On July 11, the Energy Information Administration (EIA) decreased its pricing forecast by 7 cents to 2.66 per gallon for all of 2017, but still anticipates further increases this year, ending the year at $2.82.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). Diesel prices then stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a slow but steady climb.Diesel remains below the July price level in each of the five years prior to 2016, but is greater than 2016 price levels.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices drop for fourth consecutive week

    - by Tom Sanderson

    Diesel prices drop for fourth consecutive week

    Weekly retail on-highway U.S. diesel prices decreased by 2.4 cents to $2.465 per gallon on June 26. This was the fourth consecutive weekly decrease in fuel prices. Diesel dropped below $2.50 on 6/19 , after fluctuating in a very narrow range between 2.52 and 2.60 per gallon since 12/19, never rising by more than 4.6 cents nor falling by more than 4.0 cents in any week during that period.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12/19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We had been above that level all year up until last week.

    Diesel prices are 3.9 cents per gallon higher than one year ago, but are 37.8 cents per gallon lower than two years ago. On June 6, the Energy Information Administration (EIA) increased its pricing forecast by one cent to 2.66 per gallon for all of 2017, so still anticipates further increases this year, ending the year at $2.74.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). Diesel prices then stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a slow but steady climb.Diesel remains below the June price level in each of the five years prior to 2016, and is virtually equal to 2016 price levels.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices remain steady

    - by Tom Sanderson

    Weekly retail on-highway U.S. diesel prices decreased by 0.7 cents to $2.564 per gallon on June 5, continuing a trend of very modest fluctuations up and down in every week this year. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, never rising by more than 4.6 cents or falling by more than 2.5 cents in any week during that period.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12/19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We have been above that level all year to this point.

    Diesel prices are 15.7 cents per gallon higher than one year ago, but are 32.0 cents per gallon lower than two years ago. On June 6, the Energy Information Administration (EIA) increased its pricing forecast by one cent to 2.66 per gallon for all of 2017, so still anticipates further increases this year, ending the year at $2.74.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). Diesel prices then stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a slow but steady climb.Diesel remains below the June price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices continue to fluctuate within a narrow band

    - by Tom Sanderson

    Weekly retail on-highway U.S. diesel prices decreased by 0.5 cents to $2.539 per gallon on May 22, continuing a trend of very modest fluctuations up and down in every week this year. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, never rising by more than 4.6 cents or falling by more than 2.5 cents in any week during that period.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12.19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We have been above that level all year to this point.

    Diesel prices are 18.2 cents per gallon higher than one year ago, but are 37.5 cents per gallon lower than two years ago. On May 9, the Energy Information Administration (EIA) decreased its pricing forecast to 2.65 per gallon for 2017, so still anticipates further increases this year.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). Diesel prices then stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a slow but steady climb.Diesel remains below the May price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices remain in narrow range

    - by Tom Sanderson

    Diesel prices remain in narrow range

    Weekly retail on-highway U.S. diesel prices decreased by 1.2 cents to $2.583 per gallon on May 1, continuing a trend of very modest fluctuations up and down in every week this year. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, never rising by more than 4.6 cents or falling by more than 1.2 cents in any week during that period.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12.19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We have been above that level all year to this point.

    Diesel prices are 31.7 cents per gallon higher than one year ago, but are 27.1 cents per gallon lower than two years ago. Diesel prices stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a steady climb. On April 11, the Energy Information Administration (EIA) held its pricing forecast at 2.69 per gallon for 2017, still anticipating further increases this year.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). We remain well below that range, but have risen above the late 2015 price levels. Diesel remains below the May price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices remain in narrow range

    - by Tom Sanderson

    Diesel prices remain in narrow range

    Weekly retail on-highway U.S. diesel prices increased by 1.5 cents to $2.597 per gallon on April 17, the 3rd straight week of rising prices, following 3 straight weeks of declining prices. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, showing remarkably stability over the last 4 months.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12.19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We have been above that level all year to this point.

    Diesel prices are 43.2 cents per gallon higher than one year ago, but are 18.3 cents per gallon lower than two years ago. Diesel prices had stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a steady climb. On March 7, the Energy Information Administration (EIA) updated its pricing forecast to 2.69 per gallon for 2017, anticipating further increases this year.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). We remain well below that range, but have risen above the late 2015 price levels. Diesel remains below the April price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices up 2.4 cents, following 3 straight weeks of declining prices

    - by Tom Sanderson

    Diesel prices up 2.4 cents, following 3 straight weeks of declining prices

    Weekly retail on-highway U.S. diesel prices increased by 2.4 cents to $2.556 per gallon on April 4, breaking a 3-week string of declining prices. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, showing remarkably stability over the last 4 months.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12.19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We have been above that level all year to this point.

    Diesel prices are 44 cents per gallon higher than one year ago, but are 22.8 cents per gallon lower than two years ago. Diesel prices had stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a steady climb. On March 7, the Energy Information Administration (EIA) updated its pricing forecast to 2.70 per gallon for 2017, anticipating further increased this year.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). We remain well below that range, but have passed beyond the late 2015 price levels. Diesel is well below the April price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices drop for second straight week

    - by Tom Sanderson

    Diesel prices drop for second straight week

    Weekly retail on-highway U.S. diesel prices decreased by 2.5 cents to $2.539 per gallon on March 20. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, showing remarkably stability over the last 4 months.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12.19. The last year that diesel did not hit $2.50 per gallon all year was 2004. We have been above that level all year to this point.

    Diesel prices are 42 cents per gallon higher than one year ago, but are 32.5 cents per gallon lower than two years ago. Diesel prices had stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a steady climb. On March 7, the Energy Information Administration (EIA) updated its pricing forecast to 2.70 per gallon for 2017, anticipating further increased this year.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). We remain well below that range, but have passed beyond the late 2015 price levels. Diesel is well below the March price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    Diesel prices rise for the third straight week

    - by Tom Sanderson

    Diesel prices rise for the third straight week

    Weekly retail on-highway U.S. diesel prices increased by 0.5 cents to $2.577 per gallon on February 27. Diesel has ranged between 2.53 and 2.60 per gallon since 12/19, and ranged between 2.42 and 2.49 during the prior 2 months. So there has been a slow but stubborn increase over the last 4+ months.

    In February 2016, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding throughout the rest of the year, finally crossing the $2.50/gallon mark on 12.19. The last year that diesel did not hit $2.50 per gallon all year was 2004.

    Diesel prices are 59 cents per gallon higher than one year ago, but are 32 cents per gallon lower than two years ago. Diesel prices had stabilized between August 24 and November 16 of 2015, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a steady climb. On February 7, the Energy Information Administration (EIA) updated its pricing forecast to 2.72 per gallon for 2017, anticipating further increased this year.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). We remain well below that range, but have passed beyond the late 2015 price levels. Diesel is well below the late-February price level in each of the five years prior to 2016.

    The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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  • Diesel Fuel Prices

    The last year that diesel did not hit $2.50 per gallon all year was 2004

    - by Tom Sanderson

    The last year that diesel did not hit $2.50 per gallon all year was 2004

    Weekly retail on-highway U.S. diesel prices fell 2.2 cents to $2.421 per gallon on November 21. Diesel has eased in each of the last three weeks but is only down 5.8 cents over that time frame. In February, diesel prices reached their lowest level ($1.980) since January 2005, dropping below the recessionary trough, before rebounding to a year-to-date high of $2.481 on 10/17. The last year that diesel did not hit $2.50 per gallon all year was 2004. Diesel prices are almost identical to their level one year ago; down 2.4 cents or 1.0%. Diesel prices had stabilized between August 24 and November 16 last year, with a high of $2.561 and a low of $2.476 during those 13 weeks, but were in steady decline between then and February 2016 before beginning a steady climb through June of this year. Since then diesel has again fluctuated in a fairly narrow range of 2.310 to 2.481 per gallon. On November 8, the Energy Information Administration (EIA) held its pricing forecast level at 2.69 per gallon for 2017.

    A view of weekly prices over the last 6+ years (second chart) indicates fairly stable prices between Q2 2011 and the start of the 2015 slide (min of $3.65 and max of $4.16). We remain well below that range, but have caught back up to late 2015 price levels. Diesel is well below the price level in each of the last five years prior to 2015 for November.

    Diesel experienced a high but narrow pricing environment throughout 2013, fluctuating between a low of $3.817 on July 1 and the high of $4.159 on February 25. In 2014, diesel prices remained within the 2013 range until early September, but then began a steep decline.  In 2012, diesel exceeded $4 per gallon for a total of 26 weeks but only reached that level for 8 weeks during 2013, and only 4 weeks in 2014. The recessionary low price point for diesel was $2.023 in March 2009. Diesel prices peaked at $4.771 per gallon in July 2008.

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