DeHaan: 2019 Was A Noisy Year

Oil prices moved slightly higher over the past week, but as Patrick DeHaan with Gasbuddy.com explained, the movement was modest because of a lack of details from the U.S./China Phase One agreement. He said if additional details had been provided, investors would have felt more comfortable.

That’s been the theme of 2019, modest oil prices movments, because of news balancing each other out whether that’s on the trade front, the geopolitical front or even weather. So, how would DeHaan describe 2019?

“If nothing else, from a news perspective, as noisy as I’ve seen it, but that hasn’t necessarily inspired gasoline prices. It’s been kind of a quiet year a little bit lower in terms of price, for fuel then we had expected.”

How has that impacted fuel prices in 2019? DeHaan said diesel, and gasoline prices increase this year, but not by as much as was expected in January.

National Diesel prices slipped nine cents over the past year, to $2.99, while Washington’s average increased seven cents this year to $3.0 a gallon, Oregon’s average for a gallon on diesel increased eight cents to $3.32, and Idaho’s price increased eight cents this year to $3.35 a gallon.

Here are some of the lowest diesel prices we could find across the Inland Northwest: