Diesel prices decline for 12th straight week

The Department of Energy’s Energy Information Administration (EIA) reported this week that the national average for diesel gasoline fell for the 12th consecutive week.

At an average of $2.615 per gallon, the price is down 0.2 cents compared to last week, with prices dropping a cumulative 29.9 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 $1.220.

Oil is currently trading at $42.44 per barrel on the New York Mercantile Exchange.