The U.S. average retail price of diesel dropped 3.5 cents to $3.013 a gallon, the U.S. Energy Information Administration reported Jan. 7, even as crude oil prices saw some renewed vigor and approached $50 per barrel.
The drop in diesel marked the 12th consecutive weekly decline in the cost of trucking’s main fuel. The price has fallen 38.1 cents during that period.
Diesel costs 1.7 cents a gallon more than it did a year ago, when the price was $2.996, EIA reported.
Average diesel prices fell in all regions of the country, led by the Rocky Mountain region, where per-gallon costs dropped 4.5 cents to $3.026.
The smallest drop was 1.8 cents a gallon, in New England, to $3.216.