AAA Daily Fuel Gauge Report for Friday, 12/15/23

National Average Price for Regular Unleaded Current: $3.189; Month Ago: $3.134; Year Ago: $2.182. National Average Price for Diesel Current: $3.294; Month Ago: $3.250; Year Ago: $2.428.

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 3.7% in November after falling 5% in October. In November, the index equaled 112.2 (2015=100) compared with 108.3 in October. “The 2020 seesaw pattern continued in November as typical seasonality is not holding this year,” said ATA Chief Economist Bob Costello. “It was a nice gain, but the rebound was not enough to make up for October’s drop. Robust retail freight, helped by consumer spending, especially e-commerce, and very lean inventories helped truck tonnage last month. Strong single-family housing starts are also aiding freight tonnage, but lackluster restaurant, manufacturing and energy sectors remain a drag. I expect these softer industries to benefit from widespread COVID-19 vaccinations in 2021.” October’s decrease was revised up to 5% from our November 24 press release.

National Average Price for Regular Unleaded Current: $3.662; Month Ago: $3.466; Year Ago: $4.074. National Average Price for Diesel Current: $4.210; Month Ago: $4.339; Year Ago: $5.012.