Diesel drops 5.3 cents

Updated May 16, 2012

Diesel Chart1 E1337087659144The national average retail diesel price fell 5.3 cents to $4.004 a gallon for the week ended Monday, May 14, according to the U.S. Department of Energy’s Energy Information Administration. The average price is 5.7 cents below the same week in 2011. If the trend continues, diesel will fall below $4 a gallon on a national basis next week for the first time since the week ended Feb. 20.

Average retail prices fell in all regions, led by a 6.5-cent decrease in the Midwest, where diesel is, on average, the nation’s cheapest at $3.897. The smallest decrease was 3.4 cents on the West Coast (excluding California). As usual, California had the most expensive diesel at 4.349 cents a gallon on average.

Complete diesel price information is available on EIA’s Website.

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
Download
Partners in Business Issue Cover