According to the U.S. Energy Information Administration (EIA), as of Aug. 5, 2019, average on-highway diesel prices in the U.S. were $3.03 per gallon, down slighly from last week and down $0.19 from same time last year. This marks the fourth straight week that diesel price averages have fallen.
Based on the EIA's historical data, diesel prices have been above $3 per gallon since mid-February, with Feb. 11 showing the last reported price below the $3 threshold, and that dip only reaching from the week of Jan. 14 through Feb. 11. The last time diesel dipped below $3 before February 2019 was in early 2018.
The EIA projected lower average diesel prices in 2019 when compared to last year, but anticipates prices to rise moving into 2020.
Originally posted on Work Truck Online