Diesel Falls 1.2¢ to $2.769 in Fourth Straight Decline
Diesel’s national average price dropped 1.2 cents to $2.769 a gallon, the fourth consecutive decline, the Department of Energy said Friday.
The figures released Friday reflect the average price from Monday. DOE was closed Monday through Thursday due to inclement weather, and could not release Monday’s fuel prices.
Trucking’s main fuel has fallen 11 cents in the past four weeks, and the drop left it 55 cents higher than the same week last year, DOE said.
While that decline is well below the 15.3-cent increase of the prior three weeks, it left Monday’s price at a 2010 low, according to DOE records.
Gasoline also fell for a fourth week, declining 0.9 cents to $2.652. Gas has fallen 9.9 cents in the past four weeks.
Prior to the three-week run at the beginning of this year, diesel had fallen for seven straight weeks, though the decline over that time was a modest 7.6 cents.
Diesel has fallen in 11 of the past 14 weeks, though the price is just 3.9 cents below the start of that cycle, when it averaged $2.808 a gallon on Nov. 2.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
