Diesel Price Falls Another 1.5 Cents to $1.429, DOE Says

For the fifth straight week, the average U.S. retail price of diesel fuel declined, the U.S. Department of Energy reported Monday.

Commercial trucking's dominant fuel fell 1.5 cents per gallon to $1.429. Over the past five weeks, it has declined 7.4 cents, DOE said.

Diesel is now only 0.8 cent higher than its lowest point this year, $1.42, set on June 30. It is also 0.9 cent below the corresponding week a year ago.

DOE also said the average price for regular gasoline fell 5.2 cents to $1.591 per gallon.

Gasoline, used by about one-third of trucking, also has declined five straight weeks. It is still 17.8 cents ahead of last year, according to DOE.

The Rocky Mountain region reported a 3.4-cent drop in diesel prices to $1.48. DOE's four other major geographic areas all saw the average price decline between 1 cent and 1.6 cents per gallon.

Each week, DOE surveys 350 diesel-filling stations to compile a national snapshot price of diesel and gasoline.