Diesel Falls Second Week in a Row
The average price of diesel fell 1.4 cents last week, the second consecutive weekly dro
The average price of diesel fell 1.4 cents last week, the second consecutive weekly drop
, according to the Department of Energy.
Diesel averaged $2.594 for truckers nationwide this week, down from $2.608 last week, when the price went down for the first time since April. This is $2.133 below the fuel's average price during the same week last year. Prior to last week, diesel had climbed 43.1 cents from May 4 through June 22.
The highest prices were experienced in the Central Atlantic and West Coast regions, at $2.714 and $2.706, respectively. During the week, diesel dipped down to its lowest average of $2.547 and $2.56 in the Gulf Coast and Lower Atlantic, respectively.
Meanwhile, the price of crude oil was down $2.68 Monday, or about 4 percent from Thursday's close, after doubts over a potential economic rebound caused investors to be risk averse, according to Reuters. It settled at $64.05 a barrel Monday.
National gasoline prices were also down 3 cents a gallon this week, following the Fourth of July weekend. Gasoline landed at $2.612, down from last week's average of $2.642.
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