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Article: Diesel Prices Continue to Fall; Average Drops 4.9¢ to $2.615
- Article from:
- Transport Topics
- Article date:
- December 8, 2008
- Author:
CopyrightCopyright Transport Topics Publishing Group (TTPG) Dec 8, 2008. Provided by ProQuest LLC. (Hide copyright information)
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Diesel fuel prices continued to slide last week, with the U.S. average falling 4.9 cents to $2.615 a gallon, according to the Department of Energy.
The drop left commercial truckings main fuel 80.1 cents below the corresponding week of last year and almost $2.15 below the record $4.764 set in mid-July, DOE said following its Dec. 1 survey of fueling stations.
Last week was the first time since late September that the diesel average has fallen by less than a dime, as crude oil price declines have eased.
Plunging oil prices and stronger worldwide inventories of distillate fuels - in part because of lower demand caused by the slowing of economies - have been key factors in diesel's decline, ...