Prices up, but oil starting to fall

According to information provided by the Energy Information Administration (EIA), average U.S. diesel prices increased 3 cents per gallon for the week of July 14, although falling crude oil prices may lead to help in the near future

According to information provided by the Energy Information Administration (EIA), average U.S. diesel prices increased 3 cents per gallon for the week of July 14, although falling crude oil prices may lead to help in the near future.

The U.S. national diesel average of $4.76 is nearly two dollars more per gallon than the $2.89 per gallon recorded one year ago. However, according to the Wall Street Journal, crude oil futures fell $6.29 yesterday, the biggest single-day loss in dollar terms since 1991.

In addition, the Wall Street Journal reported, trading of light, sweet crude for August delivery traded today at $133.30 per barrel on the New York Mercantile Exchange, $5.44 lower than yesterday’s prices.

View more Fleet Owner news relating to alternative fuels, fuel conservation, fuel economy and diesel fuel prices.

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