Diesel prices are down for 11th straight week

The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon for diesel gasoline fell for the 11th consecutive week.

At an average of $2.617 per gallon, the price was down 5.1 cents compared to last week, with prices dropping a cumulative 29.7 cents going back to the week of May 25, when the average price was at $2.914 per gallon.

This week’s average price represents its lowest level since October 12, 2009, when it was at $2.60 per gallon.

Compared to the same week a year ago, the average price per gallon is down $1.226.

While diesel prices continue to retreat, oil prices are seeing gains off of recent lows, rising $1.09 to $44.96 on the New York Mercantile Exchange. A New York Times report noted that oil prices are down nearly 60 percent annually.