The U.S. average retail price of diesel dropped 2.1 cents to $3.317 a gallon Nov. 13 as the price of West Texas Intermediate crude oil fell to an 11-month low. Investors see demand softening, supplies building and potential global tensions.
It was the fourth consecutive weekly decline in the price of diesel.
Still, trucking’s main fuel costs 40.2 cents a gallon more than it did a year ago, when the price was $2.915, the Department of Energy said a day after the Veterans Day holiday.