Diesel, gasoline prices fall since attacks

Oct. 17, 2001
Managers of heavy- and light-truck fleets have had to spend less money on fuel since the September 11 terrorist attacks, according to the Dept. of Energy (DOE) and American Automobile Assn. (AAA). According to the DOE’s Energy Information Administration, the national average price for a gallon of diesel fuel has dropped 17.4 cents since September 17, the first report issued after the attacks on New
Managers of heavy- and light-truck fleets have had to spend less money on fuel since the September 11 terrorist attacks, according to the Dept. of Energy (DOE) and American Automobile Assn. (AAA).

According to the DOE’s Energy Information Administration, the national average price for a gallon of diesel fuel has dropped 17.4 cents since September 17, the first report issued after the attacks on New York and Washington.

The average price for a gallon of diesel as of October 15 was $1.353. It was $1.527 on September 17, and $1.497 a day before the attacks.

AAA's online, daily Fuel Gauge Report shows the nationwide average price of gasoline is $1.346 per gallon, down 20.6 cents since mid-September when the average price was $1.552 per gallon. According to AAA’s figures, based on data from Oil Price Information Service, the national price of self-serve, mid-grade averages $1.429 per gallon, a decline of 21.8 cents from last month, and down 19.9 cents from last year. Self-serve premium averages $1.479 per gallon, down 22.8 cents since mid-September, and 20.8 cents lower than one year ago.

Lower fuel prices are mainly due to reduced demand for all petroleum products since the Sept.11 terrorist attacks, and because the crude oil price recently stabilized near $22 per barrel, AAA said.

About the Author

Tim Parry

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!