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Daimler Trucks North America executives told the Green Truck Summit that diesel will remain dominant for long-haul trucking despite interest in natural gas and electric options. Diesel prices have stayed below $3 a gallon since oil crashed in 2014, which has slowed the adoption of alternative fuels.
Low diesel prices keep the cost of fuel-dependent freight down for feed deliveries. The discussion is about long-term vehicle technology and does not signal a near-term price move.
ccjdigital.comJason CannonMar 14, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
