In The News

Diesel Prices Continue to Decline

The average price of diesel dropped another 4.6 cents in the last week, the fourth consecutive weekly decline, according to the Department of Energy. Since reaching a high so for this year of $2.616 on June 22, diesel has fallen 12 cents.

Around the U.S., diesel averaged $2.496 Monday, down from last week's $2.542. This is still $2.222 below the same week last year, when prices hit $4.718. Prior to the declines, diesel had climbed 43.1 cents from May 4 through June 22.

The Central Atlantic and New England regions experienced the highest diesel prices this week, hitting $2.63 and $2.60, respectively. Meanwhile, the Gulf Coast and Lower Atlantic saw the lowest prices, with $2.443 and $2.456, respectively.

Crude oil prices landed near $64 a barrel, with news of hopeful quarterly reports coupled with a weak outlook on energy demand, according to the AP. Benchmark crude for August delivery was $63.98, a 42 cent increase.

Gasoline dropped again this week to an average of $2.463, a decrease of 6.5 cents nationally. Last week, gas had fallen 8.4 cents to $2.528. The fuel has been down for the past month.

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