Higher Diesel Prices Are Upon Us...It Is Inevitable That The Price of Heavy Haul or Specialized Hauling Loads Will Go Up....Hopefully Slowly
From TruckingInfo.com
November 2011
For the first time since May, the national average price of a gallon of diesel has topped the four-dollar mark.
Diesel is up 2.3 cents from last weeks price survey to $4.011 per gallon the Department of Energy reported on Monday. The lowest regional average price was report in the Gulf Coast states at $3.903, while California posted the highest prices in the country, averaging $4.271 statewide.
Diesel is now nearly 84 cents a gallon higher that is was a year ago.
Gasoline prices, on the other hand, dipped 6.8 cents a gallon for a nationwide average of $3.368 per gallon, the biggest weekly drop posted over the past seven weeks.
Even as price march upward, U.S. fuel demand in October rose to the highest level for the month in three years, led by gains in diesel consumption, the American Petroleum Institute said.
Total deliveries of petroleum products increased 2.5% to 19.4 million barrels a day last month from a year earlier, the API said Monday in a report. Year-to-date consumption has averaged 19.2 million barrels a day, up 0.1 percent from the same period in 2010.
"Our economy is growing modestly and the overall demand numbers support that," John Felmy, chief economist with the Washington-based API, said in the report.
Consumption of distillate fuels, a category that includes diesel and heating oil, rose 12% to 4.24 million barrels a day in October, the highest level for the month since 2006.
To read the full article CLICK HERE
Need Specialized Hauling Services CLICK HERE
No comments:
Post a Comment