National Diesel Average Drops 1.7¢ to $2.476 a Gallon
The average price of diesel fuel in the United States declined 1.7 cents a gallon to $2.476, the Department of Energy reported Sept. 28.
The price of diesel is comparable with what it was in June 2009. The decline follows a 2.4-cent dip last week. The cost of the fuel has fallen 5.8 cents in the past three weeks.
The national average for trucking’s main fuel was cheaper by $1.279 a gallon from a year ago, DOE’s Energy Information Administration said after its weekly survey of fueling stations.
Retail prices for the fuel declined in all major areas of the country, the largest being a 3.6-cent drop in the Rocky Mountain region.
Gasoline dipped 0.5 cent to $2.322 a gallon. That follows a 4.8-cent decline the prior week. The price of gas fell in every region except the Central Atlantic and Midwest, where it rose 0.6 and 5.4 cents, respectively.
West Texas Intermediate for November delivery decreased $1.27 to $44.43 a barrel on the New York Mercantile Exchange, the lowest settlement since Sept. 14, Bloomberg News reported.
Brent for November settlement dropped $1.26, or 2.6%, to end the session at $47.34 a barrel on the London-based ICE Futures Europe exchange.
“The global market is still oversupplied, but slowing U.S. output is allowing the market to rebalance,” Giovanni Staunovo, an analyst at UBS Group AG in Zurich, told Bloomberg about crude oil.
U.S. average #Diesel fuel price on 9/28/15 = $2.476/gal, DOWN $0.017 from week ago: http://t.co/c7HnwplTGr #truckers pic.twitter.com/nyhMv5d5RG — EIA (@EIAgov) September 28, 2015
