Diesel Price Drops for Fifth Straight Week
Diesel’s national average price fell 1.3 cents to $2.756 a gallon, the fifth consecutive decline, the Department of Energy said Tuesday.
Trucking’s main fuel has fallen 12.3 cents in the past five weeks, and the drop left it 57 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.
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.
Gasoline also fell for a fifth week, declining 4.4 cents to $2.608. Gas has fallen 14.3 cents in the past five weeks.
Diesel has fallen in 12 of the past 15 weeks, though the price is just 5.2 cents below the start of that cycle, when it averaged $2.808 a gallon on Nov. 2.
The figures released Tuesday represent average prices from Monday. DOE did not calculate the averages Monday due to the Presidents Day holiday.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
