Fuel Prices Are Dropping Again: The Silver Lining of 2013

Fuel Tenders (Photo credit: Tabbymom Jen)

No one I know was excited to get their truck or autohauler back on the road today. It is the day after New Years and the Holiday season has ended. Wednesday, to many, is like a Monday....but wait.

I have the first silver lining of 2013 (where did 2012 go?). Fuel prices dropped again.

	12/17/12	12/24/12	12/31/12		week ago	year ago
U.S.	3.945	3.923	3.918		-0.005	0.135
East Coast (PADD1)	4.027	4.006	4.006		0.000	0.162
New England (PADD1A)	4.155	4.153	4.154		0.001	0.181
Central Atlantic (PADD1B)	4.134	4.112	4.105		-0.007	0.173
Lower Atlantic (PADD1C)	3.923	3.899	3.904		0.005	0.150
Midwest (PADD2)	3.918	3.893	3.885		-0.008	0.202
Gulf Coast (PADD3)	3.847	3.833	3.830		-0.003	0.121
Rocky Mountain (PADD4)	3.866	3.791	3.746		-0.045	-0.090
West Coast (PADD5)	3.997	3.989	3.991		0.002	0.012
West Coast less California	3.933	3.915	3.928		0.013	0.028
California	4.051	4.052	4.045		-0.007	-0.001

*prices include all taxes

Well overall they dropped except in a few markets. Yes the economy is slower BUT the fear of inflation sending fuel prices soaring was very high in 2012. So, this is a bright spot. It does not mean recovery but low fuel prices can help.

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• Gasoline Reverses Drop on Hess Port Reading Power Loss - Bloomberg
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Fuel Prices Dropping?

Nationwide Diesel Prices Are Coming Down...

According to Truckinginfo.com the price of fuel came down all across the nation. A pending election and low demand on the East (due to the uninvited visit by Sandy) probably has a lot to do with it. Naturally the East Coast has the cheapest gas since so much of it is either shut down or on standby due to the storm. Either way, there is no way to predict whether it will continue to decline.

to read the original article

http://www.truckinginfo.com/news/news-detail.asp?news_id=78419&news_category_id=42

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Department of Energy Fuel Price Comparison

					Change from
	10/15/12	10/22/12	10/29/12		week ago	year ago
U.S.	4.150	4.116	4.030		-0.086	0.138
East Coast (PADD1)	4.128	4.108	4.036		-0.072	0.150
New England (PADD1A)	4.238	4.243	4.205		-0.038	0.270
Central Atlantic (PADD1B)	4.208	4.203	4.149		-0.054	0.155
Lower Atlantic (PADD1C)	4.047	4.011	3.921		-0.090	0.085
Midwest (PADD2)	4.150	4.101	3.984		-0.117	0.118
Gulf Coast (PADD3)	4.022	3.999	3.945		-0.054	0.137
Rocky Mountain (PADD4)	4.268	4.243	4.195		-0.048	0.236
West Coast (PADD5)	4.346	4.298	4.187		-0.111	0.080
West Coast less California	4.238	4.195	4.092		-0.103	NA
California	4.437	4.385	4.268		-0.117	0.105