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For the seventh straight week, the average price of diesel fuel decreased. Gasoline saw a slight increase.
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Average diesel fuel prices at the pump decreased for the sixth week in a row, according to the latest numbers from the Energy Department.
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For the third week in a row, the average price of a gallon of diesel fuel decreased, according the latest numbers from the Energy Department.
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The prices of diesel and gasoline fuel dropped further for the week amid a volatile crude oil market, according to the U.S. Energy Department.
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Following three straight months of gains, existing–home sales dipped in August, according to a new report from the National Association of Realtors.
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Diesel fuel prices continue to drop as crude oil futures continue to reflect a worldwide glut. Gasoline prices, however, jumped nearly 30 cents a gallon in California.
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The U.S. Energy Department projects lower prices for diesel fuel this year and in 2015 compared to the average cost in 2013, according to its just-released Short-Term Energy Outlook.
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Falling Brent crude oil prices has once again lowered the projected average price for diesel in 2014. The U.S. Energy Department’s Energy Information Administration’s new Short-Term Energy Outlook expects diesel fuel prices, which averaged $3.97 per gallon in 2012, are projected to average $3.91 per gallon in 2013 and $3.73 per gallon in 2014.
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Diesel prices continue to slide this week as the national average dropped to $3.83 per gallon, which is down 2.5 cents from last week and 14.8 cents from last year at this time.
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A new forecast is calling for lower fuel prices, due in large part to lower prices for crude oil.
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