Crude Oil Prices Hold As Many Wait For New Year

As we prepare to wrap up 2019, oil prices have not shown much movement. West Texas Crude is trading slightly higher just above $60 per barrel. As we look to 2020, the expectation is oil prices will move higher, due to the likelihood of steady or even reduced oil production.

In addition, investors are anxiously waiting to see how the trade war between the U.S. and China is resolved. What does that mean for diesel prices nationally and around the Northwest?

The national average for a gallon of diesel held steady this week at $2.99, Washington’s average dropped two cents to $3.40, Oregon’s average fell three cents to $3.29 a gallon, while Idaho’s average slipped four cents down to $3.40 a gallon.