Diesel drops 3.4 cents

Oct 23, 2012

Following a 5.6-cent per gallon drop in diesel last week, the national average retail diesel price has dropped 3.4 cents to $4.116 a gallon this week, the U.S. Department of Energy’s Energy Information Administration reported Monday. The price is 29.1 cents per gallon higher than this time in 2011.

For regional trends, see Overdrives sister site CCJ‘s full report. More information on diesel prices can also be found on EIA’s Website.

Who is to blame for record diesel prices?

Diesel prices continue to batter the economy, and despite a frenzy of political activity, few good options appear at hand. In the near term, it looks like the Northeast may become the new California with diesel prices above $6 and limited availability.

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