Diesel’s spring-and-summer price slide has reached an 11th straight week with the Department of Energy reporting another decline Aug. 10, this time by 5.1 cents a gallon to $2.617.
Retail prices for fuel declined in all major regions of the country for both the week and relative to the same time last year, DOE’s Energy Information Administration said after its weekly survey of fueling stations. A year ago, the national average for trucking’s main fuel was higher by $1.226 a gallon.
Diesel price now are comparable to what they were in October 2009.
The cumulative value of the 11-week falloff is worth 29.7 cents since May 25.
Gasoline dropped for the fourth straight week, by 6 cents a gallon to $2.629. As with diesel, it declined in all major regions. The four-week decline is worth 20.5 cents.
Crude oil rose to $44.96 a barrel for the close Aug. 10 on the New York Mercantile Exchange futures market. It closed the previous week at $43.87 on Aug. 7.
Oil remains well below its high close for the year, $61.43 on June 10.