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Low energy costs are predicted to continue in 2016

Low energy costs are predicted to continue in 2016

The transportation industry has seen a trend of low energy costs for most of 2015. The United States Energy Information Administration (EIA) is predicting yet another year of low energy costs.

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Diesel fuel is expected to rise slightly to $3.12 this year and fluctuations in fuel prices could occur throughout the year, but pricing structure is expected to remain low otherwise.

Low energy costs are expected thanks to Middle Eastern countries purchasing market shares by dropping prices, but not production. The United States on the other hand has seen producers of shale oil increase their output.

Transcourt. January 2015

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