The Car and Truck Fleet and Leasing Management Magazine

Diesel Prices Rise for Fifth Straight Week

July 25, 2002

The nationwide average price of diesel fuel rose for the fifth straight week, the Department of Energy (DOE) reported July 22, adding 1.1 cents a gallon to stand at $1.311. In addition, the price of gasoline rose 1.6 cents last week to $1.41, the DOE said. The increase pushed the national average price to its highest point since April 15 when diesel fuel cost $1.32 per gallon. However, relief from higher diesel prices may be on its way, Bloomberg reported July 22, as Nigeria, the fifth-largest crude oil exporter in the Organization of Petroleum Exporting Countries may be leaving the cartel in order to export more crude. Such an increase in supply could ease upward pressure on diesel and gasoline prices because both fuels are distilled from crude oil. For the fourth consecutive week, however, the West Coast has bucked the national trend as diesel prices in that region - encompassing the states of California, Oregon, Washington, Arizona, Alaska, Nevada, and Hawaii - fell 0.1 cent per gallon to $1.382. Each week, the DOE's Energy Information Administration surveys 350 diesel filling stations across the country to compile a composite snapshot of diesel prices nationwide.
Twitter Facebook Google+

Comments

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.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Fuel payment and control systems featuring various branded, multi-branded or universal credit cards offered by fleet management and leasing companies to reduce driver and company fleet office administration, to simplify reporting of data useful to fleet operating and expense records, and to better insure compliance with company fuel usage policies or requirements.

Read more

Up Next

More From The World's Largest Fleet Publisher