Mark Szakonyi, Associate Editor | Sep 24, 2012 4:46PM EDT
The average cost of diesel in the U.S. fell for the first time in 12 weeks, dropping 4.9 cents in the week ending Sept. 24 as oil prices dipped.
The average cost per gallon, $4.085, is up 30 cents from the same period a year ago, according to the U.S. Energy Information Administration. Diesel prices have been nearly flat over the last two weeks, signaling the sharp ramp-up in prices may end along with the summer. Prices fell across the country, with the Gulf Coast was the only region to see prices fall below the $4 per gallon mark.
Crude oil for November delivery fell 96 cents, or 1 percent, on the New York Mercantile Exchange, according to The Wall Street Journal. Prices fell on the release of a new round of reports suggesting slow economic growth among top global oil consumers.
Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @Szakonyi_JOC
