Fuel Price Graph: 2008-2012

by George Muha on January 25, 2012

For those of you who tend to be concerned with fuel prices (in other words, all of us), I thought this was a good visual. Fuel prices have not peaked to the levels of mid 2008 which is a good thing. But diesel did rise 29% from 2010 to 2011. However, the Department of Energy is projecting fuel to remain at 2011 levels through 2012.

Courtesy of the DOE.

Tagged as: Diesel Prices, Fuel, fuel surcharge

About Me

George Muha is the founder and editor of Freight Savings Tips. George is also a consultant with a specialty in helping shippers improve profit gross margins by heavily focusing on supply chain. He has authored articles on best practices and supply chain savings ideas that have been featured and syndicated in over 50 publications.

http://www.rfxinc.com RFX Inc.

I think there is a definite price hold by our government right now which is making it “easier” for businesses to utilize important resources like fuel.
http://supplychainphysician.blogspot.com/ Joshua Williams

George the last time fuel prices were around $4.00 a gallon a barrel of crude was selling for over $150 dollars. Today it is at $105, so why the difference? The reason is because in 2011 and so far 2012 the US has exported more REFINED oil products that we have imported i.e. Gasoline, Diesel. We still import a lot of crude, but we are now exporting the refined oil to countries like China, Mexico and Brazil. US consumption of oil was at an all time low in the US, but emerging markets have seen a huge increase in oil consumption, so now US consumers are competing in a world market for both Crude Oil and and Refined Oil products. Unlike most other countries in practice the US has no real energy policy that would limit the export of refined goods for strategic and economic reasons, so once again US policy is US citizen punitive, any other country friendly.