Average price of gallon of diesel drops another 3.5 cents to $3.013

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The average on highway price for a gallon of diesel is now only 1.7 cents a gallon higher than one year ago. (The Trucker file photo)

WASHINGTON — The average on-highway price of a gallon of diesel dropped another 3.5 cents to $3.013 for the week ending January 7, according to the Energy Information Administration of the Department of Energy.

It is the 12th consecutive week of a decline.

If the price next week goes down an amount similar the past weeks, the price would dip below the $3 mark for the first time since the week ending March 19 when the price was $2.972 a gallon.

The price for the week ending January 7 is only 1.7 cents a gallon higher than the comparable week in 2018.

As in the most recent weeks, all regions of the country showed a decline led by a 6.6 cent a gallon decline on the West Coast minus California and a 4.5 cent a gallon decline in the Rocky Mountain states.

Both the Central Atlantic and Lower Atlantic states posted declines of 4.4 cents a gallon.

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

 

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