Diesel Falls Below $4 a Gallon Nationwide

OntarioVanMan

Retired Expediter
Owner/Operator
Your FSC is dropping...How are your profit margins per load?...

http://www.joc.com/suppliers/diesel-prices-fall-under-4-gallon-mark-nationwide
Mark Szakonyi, Daily Content Editor | Oct 11, 2011 9:31PM GMT
The Journal of Commerce Online

Average diesel prices have fallen 14.8 cents over the last five weeks

Diesel prices across the United States fell 2.8 cents in the ending Oct. 10, dropping down to under $4 per gallon in all regions for the first time in six weeks as crude oil prices crept upward.

Average U.S. diesel prices have fallen 14.8 cents over the last five weeks to $3.721 per gallon. That’s up 65.5 cents year-over-year but down 40.3 cents from the 2011 high, the U.S. Energy Information Administration said.

Diesel prices in California fell below $4 per gallon for the first time in six weeks to $3.977 per gallon. The Gulf Coast has the lowest diesel prices at $3.651 per gallon thanks to a 4.2 cent decrease.

The average U.S. price has dropped 9.7 percent since reaching its high point during this year during the week of May 2 at $4.124 a gallon.

Crude oil for November delivery rose by 0.5 percent to $85.81 a barrel on the New York Mercantile Exchange. Oil prices rose for the fifth day on hopes of Europe solving its debt crisis and the release of data showing the U.S. economy is healthier than expected.
 

greg334

Veteran Expediter
I did my record keeping last night and the last time I paid for diesel above $3.99 was back in may. I filled my pu up the other day, paying $3.45 a gallon and the truck at $3.67 a gallon.
 
Top