Fuel breaks another record
The price of fuel leveled its steep incline this week, increasing just 1.8 cents to $5.718 per gallon nationwide. Last week, for the week of June 6, prices shot up 16.4 cents to $5.703 per gallon after three weeks of slight declines, according to the U.S. Energy Information Administration. But EIA adopted new statistical methodologies this week, making it difficult to directly compare the week of June 13 to the prior week. The agency’s changes include updated ways of sampling and new estimation methodologies. According to EIA’s data, fuel prices dropped slightly in the most expensive areas of the country, the East and West coasts: 7 cents and 1.8 cents, respectively. The price of crude oil, which varies frequently throughout any given day, peaked at $121.63 per barrel. Nevertheless, this week’s price of $5.718 sets yet another record for trucking’s main fuel.
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