Sunday, January 21, 2018

Price of gallon of diesel declines another 1.6 cents


Monday, January 23, 2017
by THE TRUCKER NEWS SERVICES

The average on-highway price of a gallon of diesel has declined 2.8 cents in the past two weeks. (The Trucker file photo)
The average on-highway price of a gallon of diesel has declined 2.8 cents in the past two weeks. (The Trucker file photo)

WASHINGTON — The average on-highway price of a gallon of diesel fell for the second consecutive week, ending at $2.569, a decline of 1.6 cents for the week ending January 23, according to the Energy Information Administration of the Department of Energy.

The two-week decline comes on the heels of increases for six straight weeks.

The price, however, remains much higher than the same week one year ago when the average price was $2.071.

For the week ending January 23, all regions of the country showed a decline with the exception of the New England states, where the price rose one-tenth of a penny.

The two largest declines were the Midwest with a 2.9 cent-a-gallon drop, and the Central Atlantic states, where the price dropped 2 cents a gallon.

Benchmark U.S. crude fell 47 cents, or 0.9 percent, to close at $52.75 per barrel.

For the prices by region for the past three weeks, click here.

 

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