The Car and Truck Fleet and Leasing Management Magazine

Oil Price Information Service Tracks Diesel Price Plunge

August 25, 2008

WASHINGTON, D.C. --- According to Oil Price Information Service, wholesale diesel prices have plunged by an average of more than 3.75 cents per gallon per business day since mid-July.

OPIS said it has documented drops in every U.S. bulk market, including an unprecedented decline of $1.07/gal on the U.S. West Coast. The diesel drop has "outpaced the slump for crude, gasoline, and heating oil, but there are worries that low historical inventories -- as well as a revival of foreign exports from U.S. ports -- could promote a strong rebound in prices during late 2008 or early 2009," OPIS reported.

OPIS just completed a synopsis of 25-year supply statistics as well as a look at some of the unprecedented summer pricing swings. To view the statistics, click here.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

The Global Auto Program manager for Microsoft. He was named International Fleet Manager of the Year in 2010.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher