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Diesel, Gas Prices Drop Again

Posted By Administration, Tuesday, October 9, 2012
Updated: Tuesday, August 27, 2013
Diesel and gas prices in the United States dipped again for the second consecutive week, the U.S. Department of Energy reported to NASSTRAC this last week. U.S. retail diesel prices dipped .7 cents per gallon to $4.079 on average, making the two-week decline a total of 5.6 cents per gallon from the recent peak of $4.135 on Sept. 17, according to the DOE. In 2011 at this time, diesel cost $3.749 on average. However, while prices declined nationwide, prices on the West Coast remain uncommonly high due to refinery problems, according to reports.

Looking at the national average, energy analysts say that diesel buyers likely will enjoy a short-term break from rising prices, but this may not last long due to a strong cold snap in the weather or developments in the economy that could change the speculative purchase of oil. Given the importance of energy prices to freight transportation, NASSTRAC continues to regularly monitor prices and provides graphical updates of diesel prices on a weekly basis.

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