In recent times the price of oil has been dropping, to the point where the Biden Administration is purchasing the black gold in order to refill the Strategic Petroleum Reserve, and with it the price of diesel is dropping.DetailsIn the last four weeks since July 8th, the price of diesel has dropped eleven cents per […]
The Strategic Petroleum Reserve, used to store the precious resource of crude oil for times of crisis, has been consistently drained during Joe Biden’s term in an attempt to alleviate prices at the pump. This is changing, however, as the Department of Energy is taking advantage of a small dip in oil prices to buy […]
We at TopMark Funding love to report when gasoline and diesel prices are down, but right now things are looking a bit grim, especially here in California where requirements cause the prices of fuel to be even more expensive than in other parts of the nation. To that end, analysts are predicting another potential sell […]
We do not report on diesel prices as much as we have in the past, and that is because we prefer to report when the news is something special, as is the case here. According to the Energy Information Administration, the average for diesel fuel across the nation is $4.022 per gallon, which is within […]
One of the strongest arguments in favor of the transition to cleaner energy such as electric or hydrogen-powered trucks is the economic viability of these alternative fuels: with everything from the war in Ukraine to OPEC negotiations determining the cost of diesel fuel, switching is an investment that slowly but eventually pays off.The time horizon […]
Information from the Energy Information Administration published on November 6th shows that, after a slight increase in the middle of October, diesel fuel has decreased in price during the two weeks following that price bump, to lower than what it was before.DetailsThe national average for diesel fuel increased 10.1 cents per gallon the week of […]
When it comes to diesel prices, we have been on a bit of a roller coaster these past few years. However, the Energy Information Administration (EIA) has some news: the nationwide average price for diesel fuel has dropped below $4.50 per gallon.DetailsThe EIA surveys fuel prices across ten regions every week. Compared to the same […]
Global politics is weird.One of the key reasons why diesel prices at home are so high is because of geopolitical tensions. Russia is invading Ukraine, and as such trade between Russia and western countries such as the United States has been stymied. It looks like that may be coming to an end, as Russia announced […]
We used to do constant updates regarding diesel prices as a national average, but have since slowed down in that regard. It is time we bring out the champagne, though, as for the first time in over a year, the average diesel price across the nation has fallen below the $4 per gallon threshold.DetailsThis has […]
According to the Energy Information Administration data report, released on Dec. 26, the average national diesel fuel price has gone down 5.9 cents in the past week, bringing the total average to $4.537 per gallon. Since Nov. 7 diesel prices have dropped 79.6 cents, from $5.333 a gallon to the current average of $4.537. This […]
What’s New? Starting Jan. 1, Michigan will increase its gas tax by 1.4 cents thanks to an automatic adjustment written into state law. According to Michigan legislation, and an automatic adjustment in the state law, Michigan state tax will increase from 27.2 cents per gallon to 28.6 cents per gallon. A law from when Gov. […]
If you have been watching gasoline and diesel fuel prices like we have, you might have noticed a trend regarding the two liquid fuels. Gasoline has its prices vary over time drastically, but diesel continues to command high prices. Why is this? There are numerous reasons that add up, here are two factors you may […]
We are about a month away from total havoc. We were also a month away from no more diesel fuel about a month ago, and the month before, and the month before. This is simply how the lead-time for diesel fuel works. Allow us to explain. Production Vs. Consumption In general, fuels of all types […]
It is late October, which means the American Transportation Research Institute (ATRI) has posted its results from its annual survey of driver issues. The results may surprise you.MethodologyThe methodology is the same as it was when we covered the results in 2020. 4,200 people were given a list of 28 different points of contention, and […]
Coming hot off the heels of the news of OPEC Plus slashing oil production by two million barrels of oil per day, Joseph Biden announced that he will once again be tapping into the Strategic Petroleum Reserve to help alleviate prices. Details The Strategic Petroleum Reserve is a well of crude oil near the Gulf […]
What’s New? According to the Energy Information Administration, data report released on Sept. 12, diesel fuel dropped 5.1 cents to $5.033 a gallon. The price of diesel fuel jumped on Aug. 29 to $5.115 after being below $5 for nine weeks. Diesel Gas September Predictions According to EIA, based on their Short-Term Energy Outlook Sept. […]
What’s New? On Aug. 29, the EIA reported diesel fuel increased by 20.6 cents, ending the nine-week long streak of decline in fuel costs. This increase puts the national average over $5 per gallon. From June 27, after reaching a record high of $5.810, to Aug. 8, diesel prices declined about 10 cents per week, […]
What’s New? Aug. 30 – Gas prices have fallen for 70 days consecutively. This is the second longest decline in gas prices since January 2015, falling for 117 days. According to AAA, gas prices are averaging about $3.892 per gallon after reaching a record high of $5.016 per gallon in June. Diesel Gas 2023 Predictions […]
