Diesel has fallen 16 weeks out of the 17 past weeks

FuelNuts & Bolts
Written By Jennifer Joslyn

⛽️ Diesel has fallen 16 weeks out of the 17 past weeks.

Diesel prices have continued to decline for the sixth consecutive week, marking a drop of over $1.95 per gallon since last year's peak. The Department of Energy/Energy Information Administration reported the benchmark price at $3.855 per gallon, down 2.8 cents from the previous week. This decrease aligns with a broader downturn in oil prices driven by economic uncertainty surrounding the debt ceiling deal.

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Diesel prices continue to decline for the sixth consecutive week
Diesel prices continue to decline for the sixth consecutive week

According to the Energy Information Administration (EIA), average diesel prices in the United States have declined for the sixth consecutive week.

Diesel has fallen 16 weeks out of the 17 past weeks
Diesel has fallen 16 weeks out of the 17 past weeks

Diesel prices have continued to decline for the sixth consecutive week, marking a drop of over $1.95 per gallon since last year's peak.

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US Diesel Prices Fall Below $4 on Average

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Diesel Prices Drop for Second Week Straight

The average price of diesel fuel in the U.S. has slightly decreased, sitting at $4.018 per gallon as of May 1, down from the previous two weeks.

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Diesel prices are on the rise… again 

After a ten-week drop in diesel prices, there has been a sudden increase of 1.8 cents, which is concerning, as it may lead to a recession.

Diesel price declines for the 7th consecutive week
Diesel price declines for the 7th consecutive week

Just this week, diesel prices have declined 6.2 cents. This dip has lowered the national average to less than $4.2 per gallon, and the per-barrel oil price dropping alongside it.

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The national diesel average is creeping upward

For the second week in a row, the Department of Energy’s Energy Information Administration (EIA) has reported there was an increase in the national average price per gallon of diesel gasoline.

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The price of diesel has fallen 17.2 cents in two weeks

Standing now at $5,141 per gallon, the national average price of diesel is reflecting its largest drop since the 14.5-cent decline in early August.

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Trucking industry suffering with diesel price increases and labor shortage

Eventually, prices are passed to the consumers.

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Great news: the national diesel average has dropped 2.4 cents

While this is the second week in a row with a very incremental change, many say it’s still better than going up.

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As diesel prices rise, smaller carriers will feel the brunt of it

Another week, another price climb. Fuel prices hit record highs this past spring and summer and it seems to be on a journey back there again.

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Diesel prices soar after 5 weeks of declines

All good things must come to an end, it seems.

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Gasoline prices prove to be a never-ending roller coaster ride

The ups and downs of fuel prices seem to have no end.

Jennifer Joslyn
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