Llame al (888) 572-7520 para hablar con un agente
Enviar mensaje a un agente
Weekly average retail diesel price rose 7.7 cents
According to the report from the Energy Information Administration, the weekly average retail diesel price rose by 7.7 cents, reaching $3.735 per gallon. This increase follows nine consecutive weeks of decline from a peak of $4.061 per gallon recorded on April 6. The current rise is the most significant since the 21-cent increase on February 12.
This week, regional diesel price increases ranged from less than one cent to 10 cents. The price rise is attributed to general factors such as the appreciation of assets, reflected in the rise of stock markets, and better-than-expected employment data in the U.S., according to information from FreightWaves. Additionally, speculative buying following a prolonged price decline has contributed to this increase. Interestingly, the strengthening of the dollar, which would typically lower oil prices, has not had its usual effect this time. This discrepancy in the dollar/oil price relationship highlights the complexity of the factors at play.
The physical market for diesel barrels has shown significant improvements recently. In the Buckeye pipeline, which supplies the East Coast of the U.S., the differential for ultra-low sulfur diesel (ULSD) improved notably from minus 29 cents per gallon on June 6 to minus 7.5 cents last Monday. In Chicago, the differential also recovered, while in the Gulf Coast of the U.S., the improvement was smaller, and in California, the differential adjusted.
According to energy economist Philip Verleger, this price structure suggests that diesel inventories are likely to continue increasing, driven by the profitability of storing the commodity for future sale.
Average diesel price per gallon by region
The average price per gallon of diesel rose in nine of the ten regions included in the EIA report, with the exception of a one-tenth cent decrease in New England, and the largest increase in the Midwest. The average price per gallon of diesel by region is recorded as follows:
- Lower Atlantic – $3.727
- Central Atlantic – $4.050
- California – $4.915
- East Coast – $3.834
- West Coast – $4.417
- Gulf Coast – $3.472
- Midwest – $3.621
- Rocky Mountains – $3.682
- New England – $4.085
Volvo Pushes Beyond Diesel with New Hydrogen Combustion Truck Trials
Volvo Trucks is once again taking the lead, beginning road tests with heavy trucks equipped with hydrogen combustion engines.
Trucker Fashion: A Revolution Born on the Road That Still Sets the Trend
Trucker fashion remains relevant due to its authenticity, its seamless integration into streetwear, and its reinterpretation by luxury brands, consolidating itself as a revolution born on the road that evolved from a work uniform into a global cultural symbol
North Dakota among states regaining non-domiciled CDL authority
North Dakota will reissue approximately 150 of the 526 CDLs and CLPs for non-resident drivers that were active during the FMCSA audit.
The Growing Threat of Chameleon Fleets
A CBS ‘60 Minutes’ investigation exposes the rise of ‘Chameleon Fleets’ in the U.S. trucking industry.
US transportation begins to show signs of recovery
With tonnage at record levels and rates on the rise, carriers are leading the expansion of the logistics market. If the forecasts hold true, years of uncertainty could be over.
Trump Administration Restarts California Pipeline to Lower Gasoline Prices
Under Trump, the restart of the Santa Ynez Pipeline aims to boost local crude supply and impact gasoline prices amid persistently high energy costs in California.
Business hours: Monday to Friday from 8:00 AM to 5:00 PM. California time