Price of diesel slightly drops

March 18, 2003
The average price for a gallon of diesel fuel in the U.S. fell 1.9 cents in the past week, the first drop in eight weeks, but is still high enough to be a concern for smaller fleets. However, with the U.S. ready for a war with Iraq, analysts said they are concerned about price gouging, as evidenced in the weeks following Sept. 11. "We are concerned that once a war starts we could see gouging, just
The average price for a gallon of diesel fuel in the U.S. fell 1.9 cents in the past week, the first drop in eight weeks, but is still high enough to be a concern for smaller fleets.

However, with the U.S. ready for a war with Iraq, analysts said they are concerned about price gouging, as evidenced in the weeks following Sept. 11.

"We are concerned that once a war starts we could see gouging, just like we did for a short period after Sept. 11," Bob Costello, chief economist for the American Trucking Assns., told The Des Moines Register.

The department's Energy Information Administration reported an average price of $1.752, down from $1.771 the previous week.

The average price in New England dipped a penny, to $1.991. Last week it was the first region to record an average of more than $2.

About the Author

Tim Parry

Tim Parry is a former FleetOwner editor. 

Voice your opinion!

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

Sponsored Recommendations

Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Unlock proven strategies to streamline operations, lead your team, and keep your eet moving forward – all in one guide.
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...