Supply Chain by the Numbers for Week of May 30, 2012
Thursday, 31 May 2012 13:09
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Number of consecutive weeks the retail price of diesel fuel in the US will likely have dropped by the end of this week, as oil and gas/diesel prices continued to fall again this week after seven straight weekly declines. At the end of last week, average diesel prices were about $3.87 a gallon, though that is really not much of a drop versus the $4.14 per gallon peak price for 2012 thus far, reached in late March. But many market analysts expect the trend to continue, as a rising dollar and a general commodity price slump driven by a perceived slowdown in demand from China, whose own economy is wobbling, are pushing oil prices lower.