The ride of continuously falling on-highway diesel prices is over, with the average U.S. cost unchanged over the past week, according to new U.S. Energy Department figures.

It remains at $3.814, following it declining for the ninth consecutive week last Monday, when it hit its lowest level since early July of 2012, and down from this year’s high of $4.021 hit in early March.

Price declines in the New England, Midwest and Gulf Coast parts of the country balanced out hikes in all other sections, but still leaving trucking’s main fuel 16.7 cents per gallon less than the same time a year earlier.

Prices range from a low of $3.715 in the Gulf Coast region, down 0.5 cent from last week, to a high of $4.034 in the West Coast region, a 0.4 cent gain during the same time.

Meantime, the national average price of regular grade gasoline resumed moving lower after a brief upturn last week for the first time since mid-June, falling 0.2 cent, registering $3.457, 13 cents less than the same time last year.

Prices increased in the Central Atlantic, Midwest and Gulf Coast regions over the past week, but declined in all others. Gasoline ranges from a low of $3.223 in the Gulf Coast to a high of $3.774 in the West Coast region.

Meantime, the price of oil fell on Monday in New York trading, losing 63 cents and settling at $92.66 per barrel, following its sixth weekly decline on Friday out of the past seven weeks, in the wake of disappointing news about U.S. employment. Compared to the opening price from last Tuesday crude is down $3.15.

About the author
Evan Lockridge

Evan Lockridge

Former Business Contributing Editor

Trucking journalist since 1990, in the news business since early ‘80s.

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