Diesel Drops 6.7¢ to $2.866 a Gallon
Diesel’s average pump price fell 6.7 cents to $2.866 a gallon, continuing its seven-month downward trend, the Department of Energy reported.
The 11th straight decline left trucking’s main fuel $1.038 below the same week a year ago, DOE said Jan. 26 after its weekly survey of fueling stations.
This week’s price marks the lowest level since it was $2.861 on March 1, 2010, according to DOE records.
Gasoline also continued its decline, falling 2.2 cents to $2.044, DOE’s Energy Information Agency said.
Although it was the smallest of 17 straight declines, the dip left it $1.251 below the same week last year, EIA said.
The was the lowest since April 6, 2009, and gas is averaging below $2 a gallon in the Midwest, Rocky Mountain and Gulf Coast regions.
Diesel has declined every week for the past seven months, except for one in November, and has dropped more than $1 since June.
Gasoline also continued its decline, falling 2.2 cents to $2.044, DOE’s Energy Information Administration said.
Although it was the smallest of 17 straight declines, the dip left it $1.251 below the same week last year, EIA said.
The was the lowest since April 6, 2009, and gas is averaging below $2 a gallon in the Midwest, Rocky Mountain and Gulf Coast regions.
Crude oil, meanwhile, continued its descent, falling 44 cents to a nearly six-year low $45.15 a barrel on the New York Mercantile Exchange, Bloomberg News reported.
Diesel wholesale futures, which also are traded on the Nymex, rose in early trading on reports that a blizzard moving toward the Northeast on Monday night could disrupt deliveries, but finished trading down almost a penny at about $1.64 a gallon, Bloomberg reported.
