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The price of diesel has fallen for the third week in a row, putting the U.S. average close to where it was just four weeks ago. In contrast, the average U.S. cost for gasoline has increased over the past week.
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The average cost of diesel and gasoline in the United State has retreated slightly after some recent gains, while crude oil futures are down slightly from the week before. The average price of a gallon of diesel has fallen 1 cent to $3.88 per gallon, following two straight weekly increases totaling 4.5 cents.
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After falling for 10 straight weeks, the average U.S. cost of diesel has done an about-face. Gasoline is higher for the second straight week but oil is slightly lower.
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The new Short-Term Energy Outlook from the U.S. Energy Department’s Energy Information Administration says diesel fuel prices, which averaged $3.95 per gallon last summer, are projected to fall to an average of $3.88 per gallon this summer and move generally lower into 2014.
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The average U.S. cost of diesel has dropped for the 10th week in a row, down 0.6 cents from last week, coming in at $3.845 per gallon, according to new figures form the U.S. Energy Department.
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Another week and another decline in the price of fuel, with diesel hitting its lowest level since last August. New figures released by the U.S. Energy Department show the average retail cost is down 5.5 cents over the past week.
Read More →The average U.S. price of diesel shows no signs of stopping its recent series of declines, falling another 3.5 cents this week to $3.94.2 per gallon.
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If a new U.S. Energy Department forecast holds true, diesel and gasoline prices during April through September should be the same as they were a year ago and will move lower into next year.
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The average U.S. cost of diesel has moved 1.6 cents per gallon lower over the past week to $3.977. according to new figures released by the U.S. Energy Department. The decline is the sixth consecutive one and puts the fuel at its lowest point since late January.
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The average U.S. cost of diesel has fallen below the $4 a gallon mark for the first time since January.
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