Diesel Drops 2.1¢ to $3.261 a Gallon in Sixth Consecutive Weekly Decline

November 27th, 2018


Category: Transportation

truck on a highway

(Transport Topics) – The U.S. average retail price of diesel dropped 2.1 cents to $3.261 a gallon the U.S. Energy Information Administration reported Nov. 26 as crude oil prices continued to stay low.

The drop marked the sixth consecutive weekly decline in the price of trucking’s main fuel. The price has fallen 13.3 cents during that period.

Yet diesel costs 33.5 cents a gallon more than it did a year ago, when the price was $2.926, EIA reported.

Average diesel prices fell in all regions of the country, led by California with a 3.6-cent drop to $3.964 per gallon.

The Midwest had the biggest drop last week, and the second-biggest drop this week, falling to $3.185 per gallon.

New England had the smallest decline, 0.3 cent to $3.344 a gallon.

The national average price for regular gasoline dropped 7.2 cents to $2.539 a gallon, according to EIA.

The average is 0.6 cent higher than a year ago. Average gasoline prices fell in all U.S. regions.

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