Diesel Price Dips a Half-Cent to $2.909 in First Decline in Seven Weeks

Photo by Lars Plougmann/Flickr

Diesel’s average price dipped a half-cent to $2.909 a gallon, the first downturn in seven weeks, the Department of Energy reported June 1.

Trucking’s main fuel had gained 16 cents in six previous increases. This week’s price is $1.01 below a year ago, DOE said after its weekly survey of filling stations.

Diesel’s average prices were down in three of five national regions, with the exceptions of the Midwest and Gulf Coast, where it edged up a half-cent. It dropped 2 cents in California to $3.249, the highest price in the country.

Gasoline, meanwhile, rose 0.6 cent to $2.78 a gallon, its seventh straight gain but the smallest in that time, during which it has risen 37.2 cents.

Despite the bump, the motor fuel is 91 cents less than the corresponding week last year.

Crude oil held above $60 a barrel for a second straight trading day but dropped a dime to finish June 1 trading at $60.20 a barrel on the New York Mercantile Exchange, Bloomberg News reported.

Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.

U.S. average #Diesel fuel price on 6/01/15 = $2.909 DOWN $0.005 from week ago http://t.co/PmPn0ZdEvx #truckers — EIA (@EIAgov) June 1, 2015