Diesel prices as measured by the weekly Department of Energy/Energy Information Administration average retail diesel price might suggest there isn’t much going on in the market.
The price released Monday moved up by 0.7 cents a gallon, to $4.593 a gallon. In the past 13 weeks, there have been 11 increases, one unchanged price and last week’s decrease of 4.7 cents.
But developments in Monday’s market, beyond the DOE/EIA price change that is the basis for most fuel surcharges, reflect a market in which prices shifted rapidly in just the past few days. However, they have moved in ways that may be difficult to understand for those who are not in the oil market but are deeply affected by its movements … like trucking companies.
