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Price of diesel drops seventh tenths of penny

The only increases in price this week occurred in areas still reeling from Hurricane Sandy. (The Trucker file photo)

The Trucker News Services

12/3/2012

WASHINGTON — It wasn’t much, but at this point, the trucking industry will take any green arrow, the sign the Energy Information Administration of the Department of Energy uses to indicate the price of diesel has declined.

So it was a green arrow for the week ending Dec. 3 as the average on-highway price of a gallon of diesel fuel dropped seven-tenths of a penny to $4.027.

Last week, the price jumped 5.8 cents.

This week’s decline was most likely fueled by a 6.8 cent a gallon drop in the Rocky Mountain States and a 2.4 cent drop on the West Coast less California.

The only increases this week occurred in areas still reeling from Hurricane Sandy.

For a complete list of prices for the past three weeks by region, click here.

The Trucker staff can be reached for comment at editor@thetrucker.com.

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