National Average Diesel Price Falls Again, Down 0.6¢ to $2.310
The U.S. average retail price of diesel fell 0.6 cent to $2.310, according to the Department of Energy, while oil prices rallied.
Diesel has fallen for seven consecutive weeks since it was $2.426 on June 27.
Diesel is 30.5 cents cheaper than it was a year ago, when the price was $2.615, DOE said after its Aug. 15 survey of fueling stations.
Trucking’s main fuel was lower in all regions.
The U.S. regular gasoline average price fell 0.1 cent to $2.149 a gallon, 56.7 cents cheaper than a year ago, DOE’s Energy Information Administration reported.
Gasoline prices rose in the East Coast, Lower Atlantic, Midwest and Gulf Coast regions, and fell elsewhere.
Meanwhile, crude oil futures on the New York Mercantile Exchange closed at $45.74 per barrel Aug. 15. That price compared with $44.49 on Aug. 12.
Oil traded near the highest closing level in three weeks in New York amid speculation that crude producers will revive talks to stabilize prices, Bloomberg News reported.
Oil has rebounded more than 10% since closing below $40 a barrel and tumbling into a bear market earlier this month. Saudi Arabian Energy Minister Khalid Al-Falih said in a statement during the week ended Aug. 13 that talks with members of the Organization of Petroleum Exporting Countries and other producers may result in action to stabilize the market, according to the state-run Saudi Press Agency.
