Price of diesel fuel drops
for fifth time in a row
Feb 22, 2010 10:59 AM
The average price of a gallon of diesel fuel nationwide fell 1.3 cents to $2.756 a gallon, the fifth consecutive decline, according to US Department of Energy information.
The price of trucking’s main fuel has retreated 12.3 cents in the past five weeks, and this drop left it 57 cents higher than the same week in 2009.
While that decline is well below the 15.3-cent increase of the prior three weeks, it left the recent price at a 2010 low.
Before the three-week run at the beginning of this year, diesel had fallen for seven straight weeks, though the decline over that time was just 7.6 cents.
Diesel has fallen in 12 of the past 15 weeks, though the price is just 5.2 cents below the start of that cycle, when it averaged $2.808 a gallon Nov 2, 2009.
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