AAA Daily Fuel Gauge Report for Friday, 10/13/23

National Average Price for Regular – Current: $2.341; Month Ago: $2.258; Year Ago: $2.135. National Average Price for Diesel – Current: $2.528; Month Ago: $2.443; Year Ago: $2.301.

National Average Price for Regular – Current: $2.466; Month Ago: $2.571; Year Ago: $2.225. National Average Price for Diesel – Current: $2.738; Month Ago: $2.725; Year Ago: $2.422.

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.1% in December after falling 1.4% in November. In December, the index equaled 115.7 (2015=100) compared with 113.3 in November. “While 2023 ended on a better note, truck tonnage remained in a recession as it continued to fall on a year-over-year basis,” said ATA Chief Economist Bob Costello. “With that said, for-hire contract freight, which is what comprises our index, in December was 2.6% above the trough in April. For the entire year, tonnage contracted 1.7% from 2022 levels. This makes 2023 the worst annual reading since 2020 when the index fell 4% from 2019, and the only year since 2020 that tonnage contracted.” Compared with December 2022, the SA index fell 0.5%, which was the tenth straight year-over-year decrease, albeit the smallest over that period. In November, the index was down 1.6% from a year earlier.