DOE predicts diesel will average $2.28 per gallon in 2009

| 2/11/2009

The Energy Department is forecasting some good news at the pumps for truckers, projecting diesel to average $2.28 per gallon in 2009.

This is down more than $1.50 per gallon from fuel prices that truckers paid in 2008, when diesel averaged $3.79 per gallon, according to the agency’s Short-Term Outlook released on Tuesday, Feb. 10.

In 2010, the DOE is predicting fuel will cost $2.55 per gallon.

Oil is predicted to average $43 per barrel in 2009. This is down at least $57 per barrel from the $100 average price in 2008. The EIA anticipates the per barrel price to rise to $55 per barrel in 2010.

This past week, the national diesel average dropped to $2.219 per gallon, dropping a few pennies a week for four straight weeks.