Diesel Prices Begin Downward Trend

This article has been reprinted from the Oct. 10 USDA Grain Transportation Report.

In the past 2 weeks, diesel fuel prices decreased 3.4 cents to $3.047 per gallon.

This drop in prices came after a 2-week increase of 11 cents per gallon.

Crude oil prices followed a similar pattern.

The U.S. Department of Energy’s Energy Information Administration reported, “Oil spot prices began September at $61 per barrel and increased to $68 per barrel after attacks on major Saudi Arabian oil infrastructure disrupted the country’s crude oil production.

"However, spot oil prices have subsequently fallen, reaching $58 per barrel on October 4, as Saudi Arabia restored the shut-in production and concerns about oil demand based on the condition of the global economy rose.”