As dramatically as they rise, diesel prices plunged as oil prices also began to drop.
The national average price for a gallon of diesel dropped 16 and a half cents this week from $6.292 to $6.127, the largest since the Iran war began, according to the U.S. Energy Information (US EIA) in its weekly report.
The Associated Press reported that oil prices continue to decline, with Brent crude falling below $91 per barrel, the lowest level in three months. The declines came after President Donald Trump said that the war in Iran “militarily is effectively over,” a week after American voters, angered by skyrocketing costs, handed both chambers of Congress to Democrats in midterm elections.
Brent crude, the international standard, fell 2.2%, or $2.02, to $90.55 a barrel. U.S. benchmark crude oil slid 1.8%, or $1.65, to $84.94 per barrel.
The Rocky Mountian Region showed the largest dip of nearly 24 cents, plunging from $6.445 to 6.206 per gallon.
The Midwest Region fell just over 20 cents from $6.402 to $6.201.
Bruce Guthrie is an award-winning journalist who has lived in three states including Arkansas, Missouri and Georgia. During his nearly 20-year career, Bruce has served as managing editor and sports editor for numerous publications. He and his wife, Dana, who is also a journalist, are based in Carrollton, Georgia.
