National diesel average sees a slight gain, for the week of November 8
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GXO’s acquisition of Wincanton is a done deal Q1 sees a solid finish with strong U.S.-bound import growth, reports S&P Global Market Intelligence UPS rolls out fuel surcharge increases Descartes announces acquisition of Dublin, Ireland-based Aerospace Software Developments Shipment and expenditure decreases trend down, notes Cass Freight Index More 3PLThe national average price per gallon of diesel gasoline saw another increase, for the week of November 8, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Eking out a 0.003-cent increase, the national average came in at $3.730 per gallon, continuing a recent stretch of sequential gains, following a 1.4-cent increase, to $3.727 per gallon, for the week of November 1, a the 4.2-cent increase, to $3.713 per gallon, for the week of October 25, and the 8.5-cent increase, to $3.671, for the week of October 18.
This marks the highest weekly average going back to the week of December 1, 2014, when it came in at $3.605 per gallon.
For the week of October 11, the national diesel average increased 10.9-cents, which represented the highest single increase, since September 4, 2017, which saw a 15.3-cent increase, due to Hurricane Harvey.
That was preceded by a 7.1-cent increase, to $3.477 per gallon, for the week of October 4, which, at the time, marked its highest weekly increase since the week of March 8, when it also headed up 7.1 cents.
This week’s national diesel average is up $1.347 annually, trailing the $1.355 annual spread, for the week of November 1.
West Texas Intermediate Crude oil is currently trading at $82.37 on the New York Mercantile Exchange.
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GXO’s acquisition of Wincanton is a done deal Q1 sees a solid finish with strong U.S.-bound import growth, reports S&P Global Market Intelligence UPS rolls out fuel surcharge increases Descartes announces acquisition of Dublin, Ireland-based Aerospace Software Developments Shipment and expenditure decreases trend down, notes Cass Freight Index March trucking tonnage trends down, reports ATA FTR Shippers Conditions Index enters negative territory More 3PLLatest in Logistics
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