National Diesel Average Falls 1.3¢ to $2.485
The average price of diesel fuel in the United States declined 1.3 cents a gallon to $2.485, the third consecutive weekly decline, the Department of Energy reported Nov. 2.
The national average for trucking’s main fuel was cheaper by $1.138 a gallon from a year ago and is at the lowest level since Sept. 28, when the price was $2.476, DOE’s Energy Information Administration said after its weekly survey of fueling stations.
Retail prices for the fuel fell in every region of the country except California, where it rose four-tenths of a cent. The Midwest showed the steepest decline, falling in the region by 2.4 cents.
Gasoline dropped four-tenths of a cent to $2.224 a gallon. That follows a 4.9-cent decline the prior week. The price of gas fell in all regions except the Midwest, where it rose 4 cents.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
Oil had surged after a government report Oct. 28 showed that U.S. refiners came back from seasonal maintenance faster than expected, boosting crude demand. Then West Texas Intermediate fell 5.2% in the report week to a two-month low of $43.20 a barrel on the New York Mercantile Exchange. The contract dropped 1% to $46.14 at the close Nov. 2, Bloomberg News said.
