Australian truck owners and operators should factor in to their 2017 operating costs a possible sharp increase in diesel prices next year.
The US Energy Department is tipping the price of diesel will rise by up to 15% next year.
The forecast, the agencies monthly Short-Term Energy Outlook, says rising crude oil prices will flow through to the diesel bowser as prices return to similar levels seen in 2015.
The report saying that worldwide crude inventory increases are expected to slow this year to a daily rate that’s a little less than half the pace seen in 2015.
In 2017 it’s projected to be just a fraction of what it was two years earlier.
The US Energy Department says in the US this will mean diesel fuel prices will rise to around $2.44 per gallon (3.78 litres).
While for motorists using cars fuelled by petrol, the agency is also predicting consistent fuel prices increases through the new year.