OPEC Deal Drops Diesel Averages

March 31, 2000 9:30 AM, EST

The national diesel price average recorded its biggest drop of the year this week, after the Organization of Petroleum Exporting Countries agreed to boost oil production by some 1.7 million barrels a day.

	Fuel Prices
	Week of Mar. 27:
	source	price		change
	DOE	145.1		-2.8
	Comdata*	143.8		-2.9
	OPIS self-serve*	145.2		-2.7
	OPIS wholesale*	93.3		-5.0
	*Comdata and OPIS figures are for the week of Mar. 18-24. Click here for more fuel prices.
		More coverage on Truckline

The federal Energy Information Administration reported that the weekly national average price fell 2.8 cents, to $1.451 a gallon, on March 27, a 10-week low. It was the second consecutive downturn in the price, which stood at $1.479 the previous week and a record high of $1.496 on March 13.

The previous week-to-week drop occurred two months ago, when the price hit $1.456 a gallon for two weeks after falling from $1.47 on Feb. 7.

EIA reported that the average diesel prices fell in every region except the Rocky Mountains, which saw a rise of 0.002 cents a gallon.

For the full story, see the Apr. 3 print edition of Transport Topics. Subscribe today.