Diesel Falls for 7th Straight Week
The national retail diesel average continued to decline even as crude oil futures remained above $105 a barrel.
The U.S. Department of Energy said diesel slipped by 1 cent a gallon from the previous week to $3.882 on June 16. A year ago, the average from trucking’s main fuel was $3.841.
The diesel average has declined for seven straight weeks and 12 of the past 14 since hitting $4.021 on March 10, the highest level for the national average during the past 12 months.
EIA also said the national gasoline average increased by 1.2 cents to $3.686 on June 16. A year ago gas was cheaper by six cents a gallon.
Crude oil prices changed little from the end of last week. A barrel of crude on the New York Mercantile Exchange closed at $106.90 on June 16, down 1 cent a barrel from the weekly close June 13.
