The U.S. average retail price of diesel dropped 3.7 cents to $2.976 a gallon, the U.S. Energy Information Administration reported Jan. 14, even as crude oil prices climbed above $50 per barrel.
The drop in diesel marked the 13th consecutive weekly decline in the cost of trucking’s main fuel. The price has fallen 41.8 cents during that period. The last time diesel fell below the $3 threshold was March 19, when it was $2.972.
Diesel costs 5.2 cents a gallon more than it did a year ago, when the price was $2.924, EIA reported.
Average diesel prices fell in all regions of the country, led by the California region, where per-gallon costs dropped 6.3 cents to $3.742.
The smallest drop was 0.8 cent a gallon, in New England, to $3.208.
The average price of gasoline rose 1 cent to $2.247.
Regional prices were mixed, rising in four areas and declining in five. — Transport Topics