Diesel fuel prices on a national average pump declined for a fourth consecutive week, dipping 2.5 cents to $3.810 a gallon, while gas prices decreased 2.3 cents to $3.581, the Department of Energy said.
Diesel fuel prices have declined in 12 of 16 weeks since early May. Which should provide smiles to each fleet manager along with their fleet fuel cards getting a rest.
The diesel fuel price is the lowest in almost six months, since the $3.716 per-gallon price on Feb. 28, according to DOE records.
Gas prices fell for a third straight week following five gains.
Fleet fueling is now 85.3 cents higher than the same week a year ago, while gasoline is 87.7 cents over the same week last year, DOE said following its weekly survey of filling stations.
Diesel fuel prices are 31.4 cents below the year’s high of $4.124 set May 2, which was the highest national average price since August 2008. Gas prices are 38.4 cents below the price on May 9, which was also the highest since 2008. This is certainly providing relief to fleet management companies, fuel card. Most fuel management people believe that fleet fueling will continue to trend downward for the next few weeks.
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