Diesel Fuel Price Fails to Raise for First Time in 16 Weeks
The retail price of diesel fuel failed to rise this week — for the first time in 16 weeks.
The latest figure marks the first time the average has held steady since June 7, when the price stood at $1.059 a gallon.
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Though the national average price, as reported by the Energy Information Agency on Sept. 27, held steady at $1.226 a gallon for the second week in a row, analysts saw little significance in the pause and most continue to predict further increases.
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Bob Costello, executive director of the Economics and Statistical Analysis Department of the American Trucking Associations, and Elaine Levin of Dean Witter Reynolds noted a likelihood that prices could fall in the first quarter of 2000.
