Diesel Fuel Prices Drop For First Time In A Month

According to the Department of Energy on Monday, November 7, 2011, diesel prices fell a half-cent to $3.887 per gallon, the first time it has dipped in over a month. Gasoline, meanwhile, continued to decline for the third consecutive week.

While this news does bring slight optimism to commercial truckers, it is still too early to predict if the trend will continue.

During the previous three weeks, diesel rose by 17.1 cents, quite a steep incline. In fact, even with the drop in price on Monday, diesel is still 77.1 cents higher that it was on the same week in 2010.

Likewise, gasoline is 55.9 cents above 2010’s prices for the equivalent week, despite a drop of 2.8 cents on Monday, the third consecutive week with a downward trend.

What will the future hold for the prices of gasoline and diesel? It is hard to say. With the planned withdrawal of US troops from Iraq in the following months, unrest may ensue, bringing instability to the region and fuel prices.

In addition, the price of oil was over $95 per barrel on the New York Mercantile Exchange, higher than any closing price in three months. Time will tell how the volatile market will respond.

Commercial Trucking Insurance

With soaring diesel and gas prices looking in the distance, it is important to take advantage by lowering other costs to your business. One way is to find cheaper commercial trucking insurance. Talk to a representative for ways to lower your rates.

By: Patrick Winchester

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Patrick Winchester is a freelance writer with info about commercial truck insurance. For more details on trucking insurance policies, visit royaltytruckinsurance.com/ to learn about coverage options.