Trucking’s fuel
The U.S. average price for trucking’s fuel drops 5.3 cents to $4.836 per gallon. Lower oil prices seem to be driving diesel well below $5 and gasoline much under $4 per gallon on fears among traders and investors of an impending recession. Diesel prices still haven’t fully recovered from the price shocks of this spring and summer. But they are headed in the correct direction for commercial carriers and owner-operators, save for any event that might send them through the roof again. For now, diesel and gasoline seem to be tracking lower with oil prices, as is their custom. . Gas is 59.2 cents higher per gallon than it was a year ago. Trucking’s main fuel dropped 3.9 cents to $4.797 per gallon on the East Coast and was off 1.5 cents to $4.870 in the Rocky Mountain region. The West Coast, usually the most expensive area in the country, was the only region above $5 per gallon. Meanwhile, according to Reuters, investors are continuing to flee the oil market in anticipation of a recession of the U.S. economy that would cut petroleum consumption and keep fuel prices down.
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