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Diesel prices drop in a five-week decrease

Posted by Genie Wood on Wed, Jun 16, 2010 @ 03:42 AM

Diesel prices fell once again, marking the lowest price in the last three months. The price has been declining for five consecutive weeks.

The current price, $2.928 per gallon, illustrates the 1.8 cent decrease, which is still 35.6 cents higher than the fuel was at the same time last year. Diesel has not dropped lower than the current rate since March 15, which saw prices of $2.924 per gallon. This contrasts to the 37.1 cent increase that happened between the middle of February through the middle of May.

Gasoline has also decreased over the past four weeks, priced at $2.701 per gallon.

The agency responsible for measuring the average price of diesel fuels is the Department of Energy. It creates the national average by gathering information from roughly 350 different gas and filling stations around the country.

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