Skip to content

Diesel Fuel Price Drops 4.3¢ to $4.061 a Gallon

Click Here!

5/17/2011 8:40:00 AM

Decline Is Biggest in a Year; Gas Dips a Half-Cent to $3.96

Diesel’s national average price fell 4.3 cents to $4.061 a gallon, its third decline in four weeks and the biggest downturn in almost a year, the Department of Energy said.

Diesel has declined 6.3 cents in the past two weeks in tandem with crude oil prices, which fell from a two-and-a-half year high near $114 a barrel in late April to below $100 in the past week.

Gasoline, meanwhile, dipped half a cent to $3.96, DOE said following its weekly surveys of filling stations Monday.

The diesel decline is the biggest since a 7.3-cent drop on May 24, 2010, and trucking’s main fuel is now 96.7 cents higher than the same week last year, DOE figures showed. Gas is $1.096 higher than a year ago.

Despite its recent downturns, diesel has gained almost 90 cents at the pump since Thanksgiving, rising in 20 of the 24 weeks since late November.

Diesel’s all-time record high national average price was $4.764 per gallon, set on July 14, 2008, while gasoline’s was $4.114, set a week earlier.

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


Diesel Fuel Price Drops 4.3¢ to $4.061 a Gallon (5/17/2011 8:40:00 AM)
Opinion: Domestic Energy Production Besieged (5/17/2011 8:00:00 AM)
Oil Falls Below $98 a Barrel (5/16/2011 8:40:00 AM)
A Welcome ‘No’ to a VMT Tax (5/16/2011 8:00:00 AM)
April Truck Sales Leap 41% (5/16/2011 4:00:00 AM)
Diesel Fuel Average Price Dips 2¢ to $4.104 a Gallon After Commodity Prices ‘Crash’ (5/16/2011 1:05:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA