DOE predicts drop in diesel prices in 2013

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Updated Jan 14, 2013

In its short-term energy outlook published Tuesday, the Department of Energy’s Energy Information Administration says it forecasts diesel to average $3.84 a gallon in 2013.

The price of diesel is projected to be $4.02 per gallon in the fourth quarter of this year and $3.97 for the entirety of 2012. 

The short-term energy outlook also forecasts a spike in natural gas prices — which averaged $4.00 per million British thermal units in 2011 and a forecasted $2.78 per MMBtu in 2012 — to $3.68 a MMBtu in 2013.

See the EIA’s full report here.