Diesel Fuel Prices Increase For Third Week Running
Date Posted: July 25, 2013
This article is reprinted from the USDA's July 25 Grain Transportation Report.
During the week ending July 22, U.S. average diesel fuel prices increased 4 cents to $3.90 per gallon—12 cents higher than the same week last year.
After decreasing 7 cents over a 6-week period, prices have increased 9 cents in the past 3 weeks from $3.82 for the week ending July 1.
Crude oil prices have stayed above $106 per barrel for the past few weeks, their highest levels in over a year.
The price increases are also due to dwindling stockpiles of crude oil and the instability in Egypt, which has the potential to disrupt shipments through the Suez Canal.
For more information, call Surajudeen (Deen) Olowolayemo, USDA, at 202-694-3050.