Diesel Price Falls 0.9 Cent to $1.434 a Gallon
The last time the average retail price of commercial trucking's dominant fuel was this low was on Dec. 16, 2002, when fuel cost $1.401 a gallon.
Gasoline prices fell 1.1 cents to $1.487, DOE said in a separate report. Besides diesel fuel, trucking makes significant use of gasoline to power its fleets.
The decline in diesel prices was felt in all of DOE’s geographic regions, with the price falling the most in the Rocky Mountain states. In that region, the price fell 2.2 cents to $1.461 a gallon, EIA said.
The most expensive diesel fuel in the country was found in the New England states, where the price was $1.576 a gallon – down 0.5 cent a gallon, EIA said.
The average decline was 0.78 cent a gallon, according to EIA’s regional breakdown.
Each week DOE surveys 350 diesel filling stations, using that information to compile a weekly snapshot of the price of diesel fuel.
