National average diesel prices over the summer are projected to be $2.33 per gallon and remain above regular gasoline prices through 2006
National average diesel prices over the summer are projected to be $2.33 per gallon and remain above regular gasoline prices through 2006, according to the Energy Information Administration’s (EIA) short-term energy outlook released yesterday.
An EIA economist told Fleet Owner that record crude oil prices, coupled with stronger worldwide diesel demand is responsible for diesel prices trending toward new highs. More record highs are expected in the winter when heating oil demand is at its peak.
West Texas Intermediate crude oil is expected to average $59 per barrel in the third quarter of 2005, which represents an upward revision that is $6 higher than EIA’s projection last month.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
We understand the challenges you face in consolidating inventory, reducing theft, and tracking revenue. That’s why we’ve created the ultimate checklist to help you evaluate your...
In today's competitive landscape, gaining an edge is vital. That's why top fleets are utilizing trailer telematics to boost efficiency and we've captured their secrets. Introducing...
Why Mirror Camera Systems are the next step for fleet safety and exoneration While many commercial trucking cameras are similarly marketed, they are not all created equally. The...
Discover how modern fleet maintenance software can drive step-change improvements in shop efficiency, cost control and vehicle productivity, along with how to calculate the ROI...