The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.
The average national price of gasoline remained at $2.29 per gallon for the week ending March 27 amid discussion by the Organization of the Petroleum Exporting Countries (OPEC) to extend a production cut by another six months.
National average prices for retail regular unleaded gasoline continued their decline this week to $2.27 and have fallen for 21 consecutive days, reports AAA.
The national average price of gasoline returned to New Year's levels, falling eight of the past nine days to reach $2.34 per gallon, according to AAA.
The national average gasoline price increased to $2.37 per gallon for the week ending Jan. 9 in an upward move driven by the OPEC announcement of a production cut in late 2016, according to AAA.
Gasoline prices have increased about 7% in December and have reached $2.29 per gallon for the week ending Dec. 27 but are still significantly lower than this time in 2014 and 2013.
The national average price for a gallon of regular unleaded has increased for 20 of the 21 days leading up to Dec. 19 to reach $2.24, which marks the highest level since October, according to AAA.
The national average price of gasoline has increased for 14 days in a row to $2.21 on Dec. 12 after the Organization of Petroleum Exporting Countries (OPEC) agreed to cut oil production.
The national average price of gasoline increased five cents to $2.18 following an agreement from oil-producing countries in the Middle East to cut production.
The average price of a gallon of unleaded gasoline fell 1 cent to $2.13 ahead of a Wednesday meeting of oil-producing Middle East nations at a time when gasoline has reached its lowest level in almost a decade, reports AAA.
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