Diesel Price Slides Back Down to $1.405 a Gallon

The national average price of diesel fuel gave back its recent increase, falling 0.2 cent a gallon Monday to $1.405, the Department of Energy said.

The 0.2-cent decline cancelled out the increase of 0.2 in the price of diesel the DOE reported Dec. 2.

Diesel fuel is the primary fuel for trucking, and increases at the pump can impact the bottom line of trucking companies.

The price of the other major fuel for trucking, gasoline, fell 0.4 cent per gallon to $1.36, DOE reported.

The decline was seen across the board, as the price of diesel fell in nearly every one of the geographic regions the DOE’s Energy Information Administration surveys.

The largest declines were seen out west, with the Rocky Mountain and West Coast enjoying declines of 0.8 cent and 0.9 cent a gallon respectively.

The only price increase was along the East Coast, which was hit hard by a cold snap and a powerful winter storm at the end last week and over the weekend.

Each week, the EIA surveys diesel prices at 350 filling stations to compile a snapshot of the national price.