Fleet Ops: Fuel Efficiency
« »
0 Comments Share
Diesel to stay level in '09 before '2010 hike: DOE

WASHINGTON -- The U.S. Department of Energy is predicting this year's average diesel price will settle at $2.46 a gallon, the same as last month's forecast.

The department's forecast for 2010 is up 5 cents from last month, to $2.84, however.

In its monthly Short-Term Energy Outlook, the DOE's Energy Information Administration reports that spot prices for crude oil have been volatile, falling to $59.62 in mid July and rising to $71.59 by August 3.

Analysts predict that North America will enjoy a few more months of relatively low diesel prices, but the cost at the pump should begin rising at the tail end of the year.

Part of the reason why diesel hasn't shop up drastically during this peak driving season, is that inventory levels of middle distillates are uncharacteristically high for this time of year because of the lack of economic freight and manufacturing.

Email Editor     Comment Below
Rate this Article!
We Recommend:
Popular this Week:
Social Activity




Notify me of other comments on this story (requires email and password)

* Please type the letters above exactly as they appear:  

Please Note:

While we value your feedback, please avoid profane or personal attacks. You should know that if your comment contains libelous, prejudicial or just plain wrong statements, it will be deleted.

Report Abuse

Video Reel