Trucking News: Summer may bring lower diesel fuel retail prices

Mike

Well-Known Member
We may see lower diesel fuel retail prices this summer than last summer.

Diesel fuel retail prices will average $3.09 per gallon this summer, predicts the Energy Information Administration in its recently issued 2019 Summer Fuel Outlook.

Last summer the average diesel fuel retail price was $3.22 per gallon. The five-year average price for diesel fuel is $2.95 per gallon.

The EIA expects consumption of distillate fuel, which includes diesel fuel and heating oil, to average 4.1 million barrels per day this summer. That would be 24,000 barrels per day more than last summer’s consumption. It also would be the highest summer distillate consumption since 2007, according to the EIA.

Last year’s increased consumption was caused by a combination of more economic growth, industrial output, international trade activity, and oil and natural gas drilling activity, the EIA reports. Those factors are expected to continue, though at a slower pace, this summer.

Summer may bring lower diesel fuel retail prices
 
Our regular gas has skyrocketed. Still just a tad under $3 but it wasn't even a month ago that it could be had for 60 cents less.

Annoying.
 
Somebody posted this to FB 18 hours ago.49803

If the image isn't Photoshopped or otherwise altered, it looks like Californians are getting what their voters (whoever they might be) have voted for.
 
Raped? We pay 1.32 litre, so 4.33 US a gal by the above calculation. Although the Canadian dollar is actually closer to 72 cents right now. So a bit worse. A good deal though, we usually pay 1.48
 
Raped? We pay 1.32 litre, so 4.33 US a gal by the above calculation. Although the Canadian dollar is actually closer to 72 cents right now. So a bit worse. A good deal though, we usually pay 1.48
Yeah. Raped.

I rarely pay more than $3/gallon US. You do the math.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Users who are viewing this thread

Top